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Fri Jun 5, 2020, 10:24 AM

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

Totally doesn't seem rigged in any way. Even the cruise and airline stocks are racing back up like Covid is suddenly not a thing anymore.

13 replies, 795 views

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Reply Nice to see stocks racing back up like nothing is wrong in the world (Original post)
Calculating Jun 2020 OP
AkFemDem Jun 2020 #1
dawg Jun 2020 #3
Hugin Jun 2020 #2
Thomas Hurt Jun 2020 #4
Calculating Jun 2020 #5
unblock Jun 2020 #6
PoindexterOglethorpe Jun 2020 #11
obnoxiousdrunk Jun 2020 #12
Takket Jun 2020 #7
sarcasmo Jun 2020 #8
C_U_L8R Jun 2020 #9
shockey80 Jun 2020 #10
ace3csusm Jun 2020 #13

Response to Calculating (Original post)

Fri Jun 5, 2020, 10:26 AM

1. Since my retirement fund is wrapped up in the market....

It is nice.

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Response to AkFemDem (Reply #1)

Fri Jun 5, 2020, 10:29 AM

3. It's only nice if you're selling.

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

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Response to Calculating (Original post)

Fri Jun 5, 2020, 10:28 AM

2. The colossal money laundry keeps on going.

All hail the High Dow.

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Response to Calculating (Original post)

Fri Jun 5, 2020, 10:29 AM

4. The speculation is that it is not a thing anymore. Roll the dice.

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Response to Calculating (Original post)

Fri Jun 5, 2020, 10:31 AM

5. I guess Covid was all just a hoax lol

Off to the races boys!

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Response to Calculating (Original post)

Fri Jun 5, 2020, 10:41 AM

6. the market only thinks about whether or not companies can make profits

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.

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Response to unblock (Reply #6)

Fri Jun 5, 2020, 11:34 AM

11. Excellent explanation.

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.

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Response to unblock (Reply #6)

Fri Jun 5, 2020, 11:42 AM

12. That's what I like

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

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Response to Calculating (Original post)

Fri Jun 5, 2020, 10:43 AM

7. You didn't fly anywhere, but you bought a ticket like everyone else

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Response to Calculating (Original post)

Fri Jun 5, 2020, 10:46 AM

8. Three card Monte, rigged for the wealthy.

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Response to Calculating (Original post)

Fri Jun 5, 2020, 10:52 AM

9. Looks like they'll believe any old bullshit

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

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Response to Calculating (Original post)

Fri Jun 5, 2020, 10:53 AM

10. Everything is good, everybody get back to work.

 

This is nuts.

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Response to Calculating (Original post)

Fri Jun 5, 2020, 11:54 AM

13. I dont get it

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

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