One could have thought investors would be worried about increased jobless numbers…
But I guess with the money tap open for business with the Phase III stimulus law and Congress already talking about M ORE taxpayer money getting thrown at businesses, banks and financial corporation?
They should go bargain hunting….
Stocks rose on Monday, building on a strong rally from last week as the U.S. extended measures to contain the coronavirus outbreak.
The Dow Jones Industrial Average was up 690.70 points, or 3.2%, at 22,327.48. The S&P 500 climbed 3.4% to 2,626.65 while the Nasdaq Composite closed 3.6% higher at 7,774.15. Tech stocks such as Microsoft, Alphabet and Amazon led the way higher for Wall Street. Microsoft jumped 7% while Alphabet and Amazon climbed 3.3% and 3.4%, respectively.
The Dow is now up 20% from its coronavirus sell-off low reached on Monday while the S&P 500 has risen more than 17% from those levels. The Nasdaq has bounced more than 13%….
These daily stock market fluctuations are meaningless.
The trend will remain downward for the foreseeable future.
Actually?
As the piece says…
The market HAS gained in the week or so….
And of course it will yo-yo…
But it IS up from the lowest point….
Equity gains ARE actually good for retirees in addition to the fat cats…
I don’t think it’s reached it’s lowest point yet.
The longer this goes on, the worse it’s going to be.
And we are nowhere near this ending.
You have your head firmly buried in the sand.
In did NOT say ANYTHING was ending….
Yes…
Things will get worst…..
No doubt…
But Washington State’s numbers have fallen…
So have China and the Asia countries after a 4-6 week max period and restrictions of movement .
Cuomo and Trump have been told that NY should be levelling out by mid-April….
The worst WILL be the states climbing now…
Checking the piece u’ll see that NY is WTF ahead in testing…
And false positives are also high….
My hope is that the company that says it will have a test ready to ship in few days that reads back in 5 minutes will be widely distributed so that hospital and doctors can ID the actual case faster…
My point here is that corner is NOT the only thing floating and healthcare workers and hospitals have to deal with them all with little or no leadership from the government…Even the experts differ in their views…
You have soft pedaled this thing since day one,alternately bellyaching about being out of bottled water and supportingTrumps insane idea of relaxing regulations because “that’s the way things work” or something or other rigamarole that we have all grown
Used to from you.
There is No “good news” yet from anywhere.
When you see infections start leveling off?That will be good news.
I’ve yet to hear one expert say that things are getting better.Instead ,they are predicting over 100 000 deaths.
We need stark realism now not armchair feel good palaver from some person obviously totally ignorant of what is happening.
Well Jack?
I’ve ALWAYS been the guy here looking for the positive…
Sometime I’m wrong…
BUT?
Sometimes I’m Right…
And I’m gonna keep on doing that….
I don’t even want to wrap my head around this, but the experts’ optimistic scenario is for 100,000 to 200,000 U.S. pandemic deaths if everyone acts perfectly and everything works perfectly.
That’s as if the entire population of Berkeley, Cambridge, Providence or Worcester, Mass., were wiped out by some bomb.
It’s estimated that the deaths could rise to 400,000 to 500,000 (with upper limits of one or two million).
That’s as if al-Qaeda had killed every man, woman and child living on Staten Island.
For another comparison, look at the U.S. (& C.S.) battle deaths in each of America’s major wars:
<5,000 — War of Independence
2,260 — War of 1812
1,730 — Mexican War
~215,00 — Civil War (Union & Confederate)
385 — Spanish-American War
53,400 — World War I
<300,000 — World War II
<35,000 — Korea
<50,000 — Vietnam
<3,700 — Both Iraq wars together
Yesterday, Trump said “nobody knows more about South Korea than me.” He claimed that they have done more per capital testing because there are “38 million people in Seoul” and we have nothing like that in the U.S. He was oh so certain.
I immediately went to look it up. Seoul has about 10 million people. Just about 1 million more than NYC. Nowhere near 38 million. Will the blithering idiot correct himself ever? Of course not.
Apparently, he saw that Seoul is at 38 m elevation per Wikipedia and he took that as 38 million people.