1. The Dow is not "the economy", it's a bizarrely-weighted index of 30 arbitrary huge companies none of which had significant layoffs. 2. More useful indices like S&P 500 or Russell 2000 fell by 35% anticipating these unemployment numbers weeks ago. That's the point of markets.
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Do we really believe that investors weeks ago expected 10 million unemployed in the last two weeks? Maybe they did, but I'm dubious that the full impact of this recession has been priced in yet.
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Of course, a lot of this got priced in during the initial panic collapse of indexes.
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I don't see how investors a month ago could have priced in a likely 20% unemployment rate by summer
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It seems that you're new to trading
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Post-reality detatcment of symbol from referent
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Elites are gonna be picking up a ton of prime real estate in the next few moths & their financial consultants are very optimistic.
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The FED is literally buying stocks to make everything seem fine.
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everyone is helping their downstream clients apply for grants and loans to keep the money flowing ...
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