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Fri Apr 17, 2020, 11:45 AM

How can the DOW be up 400 right now?

The major indices are all down, oil is $18 a barrel, food banks are running out of food, farmers are dumping milk and plowing over fields.

HMM, I guess if you took a person living under a bridge and gave him 2 million dollars then asked him how he is doing economically, he would respond, Great! Funny how giving rich people trillions of dollars boosts the markets.

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 11:45 AM

1. Pump and dump from Gilead about Rememdivin (sp), they did this before with Ebola. Also Boeing

... is now opening one of its plants so it can make airliners that no one will want to fly in outside of some nutcases or people who have to get somewhere real fast.

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 11:46 AM

2. "Dow up 400 on Coronavirus Treatment Hope": CNBC

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 11:46 AM

3. They got all hyped over a rumor about a drug that helps COVID-19.

and they think the economy is going to bounce back in like a week

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 11:47 AM

4. Gilead Sciences is reporting positive results with their

Ebola antiviral medication in COVID 19 tests. (That is the rationale being put forth in the MSM).

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 11:47 AM

5. Three card Monte

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 11:52 AM

7. The market goes up

if Trump shits.

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 11:54 AM

8. Keep in mind it's still well off all time highs

Daily movement only is an indicator that the market thinks the future profit outlook today is slightly better than the future profit outlook yesterday.

So, relative to yesterday, Boeing is resuming production with social distancing. That alone accounts for about 100 points on the dow.

Plus there's a bit of optimism about effective treatment on the horizon and generally, businesses figuring out ways to resume a portion of normal functionality, allowing for social distancing.

But again, the market is still well below its peak, so it's certainly pricing in that things are not yet normal.

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 11:57 AM

9. They're manipulating it

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 11:59 AM

10. It took the market a year to fully bottom out from the start of the 2008 financial crisis

Bear Stearns went under in March 2008 and the markets were okay throughout the year. It dropped sharply after Lehman, but it did not bottom out until March 2009.

IOW, it takes the markets a while to fully gather the data and completely account for all of the negative cascading events from a catastrophe.

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 12:00 PM

11. unexplainable like

EVERY fucking thing else happening in our country!!!

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 12:01 PM

12. Odd seeing oil companies with huge gains today, in light of oil being so dang low

The Dow Jones Industrial Average is rallying Friday afternoon with shares of Boeing and Exxon Mobil delivering strong returns for the blue-chip average. Shares of Boeing BA, +12.65% and Exxon Mobil XOM, +7.71% have contributed to the blue-chip gauge's intraday rally, as the Dow DJIA, 1.91% was most recently trading 464 points (2.0%) higher. Boeing's shares are up $17.00 (12.7%) while those of Exxon Mobil have gained $3.40, or 8.7%, combining for an approximately 140-point boost for the Dow. Also contributing significantly to the gain are Chevron CVX, +6.91%, JPMorgan Chase JPM, +7.24%, and Dow Inc. DOW, +5.05%. A $1 move in any of the benchmark's 30 components results in a 6.86-point swing.

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 12:03 PM

13. Because it's being manipulated.

Like it has been since 2008, but, particularly since November 2016.

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 12:07 PM

14. I think some are using their check to buy bargains

Thatís the only explanation I have. Iím sure thereís other reasons out there. 400 isnít a lot really is another way to look at it.

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Response to gab13by13 (Original post)

Fri Apr 17, 2020, 12:27 PM

15. The stock market is currently

a Trump insider trading racket, and has been for three years now.

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