Posted on 02/24/2022 1:03:35 PM PST by abb
Major U.S. stock indexes recovered considerable ground on Thursday to end higher, despite stumbling early in the session after Russia launched a military assault on Ukraine. The Dow Jones Industrial Average DJIA, 0.28% flipped positive in the final 15 minutes of trade, adding about 90 points, or 0.3%, to end near 33,222. The S&P 500 SPX, 1.49% gained 1.5% and the Nasdaq Composite Index COMP, 3.34% booked a 3.3% gain. The rally came as oil prices CL00, 1.38% climbed and bond yields tumbled, putting the 10-year Treasury rate below 2%. Investors attributed the turnaround for stocks partly to President Joe Biden's new sanctions imposed Thursday on Russian banks, companies and elites from doing business in western markets, with the aim of cutting short Russian hostilities in Ukraine.
(Excerpt) Read more at marketwatch.com ...
S&P 500 closes 1.5% higher after sharp reversal, as traders shake off Russia’s invasion of Ukraine
Published Wed, Feb 23 20226:03 PM ESTUpdated 5 Min Ago
War profiteering.
1960s saying “War is good business. Invest your son.”
Just in time after Big Pharma profits will decline if good health breaks out.
Stocks rallied because the market believes the West is going to issue some bluster and hashtags, but not actually do anything about the Ukraine. So business as usual.
Meaning no disruption of commerce?
It’s a big nothing that doesn’t effect us.
It’s not right, and not a nothing to those directly involved, of course.
There is no justification to settle territorial disputes by unilateral military action.
Positive reaction to strong White House leadership.
Wondering where all the money came from.
Gov’t intervention? Derivative algorithms? Foreign capital fleeing to relative safety?
“Positive reaction to strong White House leadership.”
Sarcasm?
You picked up on it.
There was an article in the WSJ yesterday saying that bearish bets were surging. Once the market turned today, they had to get out quick.
https://www.wsj.com/articles/bearish-bets-against-markets-are-surging-11645525800
“You picked up on it.”
Nothing gets past me!
Buy the invasion.
Wait till the fuel prices take effect. It won’t be a big nothing.
The Fed’s balance sheet got larger today.
Sharp reversal? It was nothing of the sort ... the market opened way down on fear of war and money bought the market all day.
The rally was predicted. It has happened at the start of every armed conflict for decades now.
People have forgotten that the stock market has two basic factions. Day traders and investors which includes a lot of institutions with long horizons. Stock investors typically estimate conditions expected in 6-9 months when they invest.
Yep.
Who is pumping/holding this sham up?
Stock in Europe and Asia are still down considerably. I am guessing its more about world dollars coming to the only stable market left, the US, despite our problems here.
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