The Dow is up 7.45% now. Over the past several weeks, equity markets have been disconnected from real world developments that bear on economic activity going forward. They were up on both days historic initial jobless claims numbers came out, aggregating ten million jobs lost.
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That is just bizarre
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It’s been bizarre. Unemployment skyrocketing and stocks are up.
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Is this good news? THE DOW HAS SPOKEN!
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The stock markets really are that amoral, if there were any doubts out there.
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you would be an excellent financial press headline writer!!
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Capitalism does not care about human bodies.
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Nor does the virus.
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