How is the stock market going up this whole week when the world is about to end?

[TheOneAboveAll3]

You got Covid going on, unemployment at record levels and the economy has stopped all over the world yet the stock market is what it was 2 years ago. Does this shit make sense?

 

[Rhood]

When Bernie dropped out, the stock market went up.
It was reported on the news last night.

 

[magicmarker]

Checks are on the way. People who didn’t lose their jobs have extra disposable income because they can’t go anywhere to spend it. Optimism that this will end in less than a month. Recipe for investment...

 

[TeTe]

I think most investors know the short term pain isn't worth dumping their stocks over. When companies like the airline industries aren't doing well why take a loss now and watch someone else profit on your desperation six months from now?

 

[TheOneAboveAll3]

Checks are on the way. People who didn’t lose their jobs have extra disposable income because they can’t go anywhere to spend it. Optimism that this will end in less than a month. Recipe for investment...

so 1200 is going to make up for what real workers were earning each week? They also would have spent more and the economy was not shut down. We also dont know how long this economy will be down for. Could be months.

 

[magicmarker]

so 1200 is going to make up for what real workers were earning each week? They also would have spent more and the economy was not shut down. We also dont know how long this economy will be down for. Could be months.

A lot of people are going to get 1200, a lot are going to get much more than that if they have children. And again, a lot of them that will get this didn’t lose their jobs and are already sitting on unspent and unused disposable income.

 

[Squintz]

It’s a facade. They’ll be down a lot again next week or the week after. It’s gonna be a long time before they’re not just up but more importantly stay up.

 

[Fluffernutter]

Because no matter who in in the WH, there will be Wall St. Bailouts.

 

[TardStrong]

It’s a facade. They’ll be down a lot again next week or the week after. It’s gonna be a long time before they’re not just up but more importantly stay up.

This, wait till we see job market reports in summer. When down Jones hits 15,000 start buying. Stay away till then... will bump thread then. I really think our economy is going to get hammered over coronavirus. It has only been about 3 weeks, gonna make 2008 look like a cakewalk

 

[TheOneAboveAll3]

This, wait till we see job market reports in summer. When down Jones hits 15,000 start buying. Stay away till then... will bump thread then. I really think our economy is going to get hammered over coronavirus. It has only been about 3 weeks, gonna make 2008 look like a cakewalk

I hope so. I am not saying this cause I want our economy to do bad but lets face it, it should be down right now due to this coronoa virus, unemployement and the economy shutting off. We shouldnt be where we were 2 years ago, thats insane that we are. I should have stayed out of trading , its a rig game for the rich.

 

[HereticBD]

Relief funding is kicking in. Buy, buy, buy!

These ups and downs will continue for quite a while.

 

[EndlessCritic]

Why should the value of a company be different today because of an inherently short term event?

 

[KONG-D'SNT-TAP]

The stock market is all speculation and insider trading.

 

[billiam]

Why should the value of a company be different today because of an inherently short term event?

People are thinking we are in the twilight of an economic cycle and this inherently short term event could potentially be the catalyst for a big correction.

 

[ka pow]

currency devaluation

 

[Substance Abuse]

We only have one example to go on, but China's market took off as soon as restrictions were lifted. I'm skeptical that is a repeatable model for multiple reasons. But it is the only example...

Also, if the current market valuation was tied to an earlier estimate and the more recent estimates are more positive, then we should expect the market to respond accordingly. The market is not measuring whether things are good. Only whether they are better or worse than the last assessment.

 

[Mr. 4K]

A lot of people are going to get 1200, a lot are going to get much more than that if they have children. And again, a lot of them that will get this didn’t lose their jobs and are already sitting on unspent and unused disposable income.

Shut up. I’ll enjoy my free Xbox series X, paid for by socialism.

 

[aerius]

Because no matter who in in the WH, there will be Wall St. Bailouts.

Yup. Between the government and the Federal Reserve, they've dumped something like $5-6 trillion and counting into the markets in various credit facilities, guarantees, swaps, and outright purchases. That's over 25% of the entire GDP of the US. You thought the 2008-2009 bailouts were big, we blew right past that with the very first package.

 

[snootylol]

People are irrational

Who controls if the market goes up or down? Investors.. I.e people

Saying that.. I started buying back into the market about 1 1/2 to 2 weeks ago.. not because I thought the market would go up (actually thought it would go down further) but because I had researched those companies and believe they are capable of dealing with a recession/Rona virus and later return to previous highs

For example I got Amazon just under 1700.. AMZN is going nowhere.. in fact it's not really bothered THAT much by Covid in comparison to other companies.

 

[dildos]

Because you touch yourself at night ts.