Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Shermann

(7,313 posts)
Wed May 6, 2020, 01:28 PM May 2020

It may get uery confvsing for vs here on DV

Trump promised a V-shaped recovery for the stock market. Well, the ship has already sailed on that. The best we can hope for is a U, and may even end up with a W. So let's just assume it will be a U. Since we know Trump rewrites reality to match his past false narratives, that means the letters U and V will have to be swapped.

Thank yov for that, Trvmp!

5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
It may get uery confvsing for vs here on DV (Original Post) Shermann May 2020 OP
I am confused why were talking recovery elias7 May 2020 #1
The Bear Market Lasted A Week? ProfessorGAC May 2020 #4
I think by the end of May we'll know our fate nt Shermann May 2020 #5
S&P 500 is below where it was in January 2018, more than 2 1/4 years ago progree May 2020 #2
I predict an "L" shaped recovery lagomorph777 May 2020 #3

elias7

(3,974 posts)
1. I am confused why were talking recovery
Wed May 6, 2020, 04:09 PM
May 2020

This is been going on for 2 months, and the bear market lasted, what, 1 week? We are now starting to see bankruptcies, increasing unemployment, and realizing this is going to last many many months if not longer. How on earth are we talking recovery when we have not even seen the extent of the damage yet? There is no way that the full impact of coronavirus could have been "priced in" a month ago. Something is so not right...

ProfessorGAC

(64,184 posts)
4. The Bear Market Lasted A Week?
Wed May 6, 2020, 05:12 PM
May 2020

DJIA, S&P, & the Russell are down 18-21% from where they were in January.
S&P and the Russell are below where they were 28 months ago!
This bear market isn't over.
The virus issues triggered an overdue correction and stimulated long term profit taking which caused the markets to overcorrect.
There's no resumption of a bull market.

progree

(10,864 posts)
2. S&P 500 is below where it was in January 2018, more than 2 1/4 years ago
Wed May 6, 2020, 04:28 PM
May 2020
https://finance.yahoo.com/quote/%5EGSPC/history?p=%5EGSPC

S&P 500 closing prices
1/26/18: 2873
5/06/20: 2848

The great Trump stock market boom looks like it hit the Pause button 2 1/4 years ago, except for a lot of volatility

Before that, it was a continuation of the great Obama stock market boom.

Coincidentally (?), January 2018 was the first month that the TCJA Tax Cuts and Jobs Act, passed the previous month, took effect.
Latest Discussions»General Discussion»It may get uery confvsing...