Nice to see stocks racing back up like nothing is wrong in the world

It is nice.

If you're still making contributions (aka, buying), you're paying through the nose for them.

All hail the High Dow.

Off to the races boys!

the market does not pass judgment on whether times are good or bad, only if they're profitable.

the markets are realizing that they overreacted when the crisis hit, and that the pandemic is not going to interfere with profitability nearly as much as they initially thought. that is all that is going on.

i think a key driver is that *other* countries are largely getting this thing under control, and *other* countries are going to be able to have largely reopened economies, relying on massive testing to only shut down, temporarily, any localized hot spots.

that means that global businesses are largely returning to normal, and businesses in america that deal with businesses overseas may be able to get back to something close to normal, even if the american consumer is not doing great. that accounts for a lot of the stock market these days.

add to that the trillions the government has poured into the market in a very short time, and you've got a market that is going up up up.


the real question is, what will it do when the government say, ok, we're done with stimulus, and the covid crisis continues.

we'll see. personally, i think much of the stock market rise recently is warranted, as the initial drop was indeed a big overreaction. but i don't see a huge amount of upside from here.

A lot of people here seem to fundamentally misunderstand just how the markets work, and there's a weird consensus that it is being manipulated all the time. Or that you can time the market, which is essentially impossible.

And if companies are continuing to make money, the stock market will stay strong.

about DU. You can find at least one response that makes sense.

Will they feel so lucky when the real numbers come in?

This is nuts.

I have never seen so many major iconic companies go out of business or close stores. Something isnt right ....