Unemployment came in below expectations. A 30%+ drop in equities priced in a lot of bad news. Hence anyone saying ‘worse news yet to come’ for the market has no idea how the market works. Buying the lows of quality CO’s = no brainer.
Raging pandemic. 3 million more unemployed in US last week. Dow up 4,000. The Simulation is glitching.https://twitter.com/Noahpinion/status/1243208258547941382 …
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Could be a dead cat bounce. Hope not.
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Dow up 4000 for the year??
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4,000 for the week I believe, after tanking last week
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"Corporations are people my friend", and the government is taking care of it's people. Plus the churches will be full by Easter (or was that the morgue?) What's not to like?
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The Dow was priced for a bad recession, we might get a mild recession that is mostly backstopped. Italy will tell us our future and deaths in Italy have been flat for 5 days. They may be able to loosen up lockdown in a couple of weeks. The US is about to get the tsunami though
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Sunk $5K into ETFs two days ago and am already up 10%. Woohoo!
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The Dow is a measure of future profits. It’s not unusual for it to respond favorably to people losing their jobs.
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What is going on?
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