Despite Coronavirus epidemic, Dow jones having best week, since 1932

Discussion in 'Coronavirus Pandemic Discussions' started by TheAngryLiberal, Mar 26, 2020.

  1. TheAngryLiberal

    TheAngryLiberal Well-Known Member

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    How is this happening, what's been happening this last week in the United States should be killing the Markets right now and something seems extremely suspicious. Under normal times a report of 3.28 Million people going on unemployment in the United States would have sent the Markets into a Tailspin like you've never seen, but instead it gains 1353 Points. Under normal times, if it had been reported that the United States just surpassed China as the worst in the place in the World for a Global epidemic of a Killer Virus and the worst place was New York City, the HEART of the Wall Street, the Markets would have again Nose Dived, but instead it's surged like 4000 points this Week as if this was good news. Maybe this is all, because investors are banking on this 2 Trillion stimulus package, but Coronavirus is looking like it's just warming up and as bad as it is now, I think it's going to get a WHOLE LOT WORSE in the United States. I'm usually a Rock as far as Nerves go, but I'm starting to Twitch, because nothing is making any sense and it's truly beginning to look like Bizarro World here. Stay safe and hope for a miracle, because I think we as a Country are going to be tested.
    https://www.ccn.com/this-is-why-the-dow-jones-is-surging-to-its-best-week-since-1932/

    Open the Country by Easter my Ass, that ain't happening.
     
    Last edited: Mar 26, 2020
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  2. jay runner

    jay runner Well-Known Member

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    Ford is going to restart making trucks on April 14, unless they change their plans. Some businesses in some areas may be able to restart, but not the whole country in my opinion.

    The market knows that business was very healthy when coronavirus arrived, and that coronavirus will be conquered, the USA will not be conquered by the virus. It won't be that long before business is churning and burning again.

    Mama said buy straw hats in the winter time.
     
  3. TheAngryLiberal

    TheAngryLiberal Well-Known Member

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    Ford can make the Trucks, but they're just going to sit there if Americans are sick and watching their savings disappear, because they're not working.
     
  4. Kranes56

    Kranes56 Well-Known Member

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    You might not be driving to church until the virus passes, but you will still need to get groceries. But I agree. It's suspicious, but probably because of political news like the Stimulus being closed to being passed.
     
  5. modernpaladin

    modernpaladin Well-Known Member Donor

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    Its prolly cuz of all the extra money we're about to dump into the economy.

    But those points are representing amounts of dollars that consequently are going to be worth less, since its mostly just money we're printing.

    All that extra UI folks are getting is gonna buy less stuff too.
     
    Last edited: Mar 27, 2020
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  6. stratego

    stratego Well-Known Member

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    This is what leadership looks like. The President has been focused on the stock market from the start and it shows in the DOW numbers.
     
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  7. Steady Pie

    Steady Pie Well-Known Member Past Donor

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    1. If you're smart about it, depressions are the best time to invest.

    2. Governments are dropping extreme levels of stimulus, never before seen in the history of the US, if not mankind. This will artifically boost the market and people want to get ahead of this.

    3. The stock market is volatile as right now. Just as Bitcoin might make the largest gain in the history of any commodity one day then the largest loss the next, this doesn't mean either are healthy.
     
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  8. MrTLegal

    MrTLegal Well-Known Member

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    ....it is very difficult to determine whether this post is satire.
     
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  9. MrTLegal

    MrTLegal Well-Known Member

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    Yea...the markets are extremely volatile right now. I think that's the best you can say.

    But they definitely like the willingness of the fed to pump a **** load of "free" money into the economy.
     
  10. Spim

    Spim Well-Known Member Past Donor

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    financially April is about to look like a really really good month for me. stimulus for two of us, tax return. no travel expenses, office expenses down.

    still have a lot tied into the market, the last 3 days are giving me incentive to pull further back.
     
  11. notme

    notme Well-Known Member

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    ??
    If you look at the Dow Jones... it lost a lot of money in the past month. I think it still -20% easy.
     
  12. TheAngryLiberal

    TheAngryLiberal Well-Known Member

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    I understand that, because on March 19 there were 13,779 cases of Coronavirus in the United States and the Markets obviously didn't like that, but now a Week later and there are the 85,750 cases, which makes us #1 the World and then there's that Massive jobs loss report that came out, so things have gotten a lot worse. Thats why its strange to see the Markets have it's most Massive point gains in one Week .
     
  13. notme

    notme Well-Known Member

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    The overal thing is, that the markets have gone down. Things go down and up, maybe it was too much down, and so it goes up a bit.
     
  14. struth

    struth Well-Known Member

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    It started drastically turning around when the president had his town hall on Tuesday. The American people got to hear from him and his team of experts directly. The people felt confidence again and they knew we had the right leader in place for this.
     
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  15. flyboy56

    flyboy56 Well-Known Member

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    It's just goes to show the stock market and the economy are not dependent on each other.
     
  16. flyboy56

    flyboy56 Well-Known Member

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    Stocks are cheap and with the Feds low interest rate of 0.25% banks, corporations and the rich can borrow lots of money and invest in the market. It has nothing to do with Trump.
     
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  17. cd8ed

    cd8ed Well-Known Member Past Donor

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    Focusing on an arbitrary metric shouldn’t be praised.
    And it is being propped up by debt — debt that younger generations will have to pay for so that older generations can see green.

    It’s sad
     
  18. Daniel Light

    Daniel Light Well-Known Member

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    Dead Cat Bounce. Look it up.
     
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  19. cd8ed

    cd8ed Well-Known Member Past Donor

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    The delusion is strong, that people believe a trump speech is what made stocks rebound and not $2,000,000,000,000.00 in debt being pumped into the market is amazing quite frankly. The entire past decade the market has been propped up on unsustainable debt.

    It is going to be interesting eventually — but it is someone else's problem so no one cares (even though it will be their children or grandchildren most likely)
     
  20. struth

    struth Well-Known Member

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    haha....banks and corps are borrowing money to but stocks in other corps.

    Moreover, that was true weeks ago....the fact is it turned around in real time during the Town Hall on Tuesday
     
  21. Talon

    Talon Well-Known Member Donor

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    I'm looking at three things that would explain the rally:

    1) The stimulus

    2) All the ground the market lost during the initial panic

    3) An increased sense of certainty, begetting increased confidence

    Expect more volatility - this roller coaster ride ain't over by long shot. Unemployment numbers should jump next week, but people looking down the road have probably baked that bad news into the cake already.

    I expect some parts of the country probably can and will start reopening around Easter, for others late April. The hardest hit areas may take longer.

    Granted, I'm an optimist, but I don't think things are going to get as bad as a lot of people think. America has been through much worse - we'll pull through this. I'd try not to get too twitchy over the markets, too - if you look for rational behavior out of them it'll drive you nuts.
     
    Last edited: Mar 27, 2020
  22. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    I bought some S&P just for fun. If the real estate market falls, those with cash can buy some rental property.
     

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