I honestly don't get it either. Why would stocks rally when its clear we're about to go into a recession?
When the unemployment claims are the highest in history...and the stock market has it's biggest 3 day rally in 80 years.pic.twitter.com/iv6pGcttYU
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People are hopeful the economy will bounce back due to the stimulus so they’re buyin stocks while still low, no?
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I have no idea because logic doesn't matter right now.
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Something is just not right
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All the option traders??
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The market is a discounting machine. It was pricing in worse situation in Europe and the possibility of 5m jobless claims.
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Right now emotion is driving decisions. Last week it was a rush to avoid losses so massive selling. This week appears to be fear of missing out. Next week who knows. In 5-10 years it's likely economy will be stronger and around this time was a good time to buy. Who knows.
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