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at140

(6,105 posts)
2. This is something more than greed
Mon May 18, 2020, 12:31 PM
May 2020

Greed did not suddenly wake up today. It has been alive for a long time. Yet we never had a 850 point move up in one day.
This has to be related to the rumors about successful trial of some vaccine.

Hugin

(32,387 posts)
5. There are a whole lot of positions left to unwind.
Mon May 18, 2020, 12:35 PM
May 2020

The fleecing will commence in earnest as soon as enough rubes show up.

safeinOhio

(32,266 posts)
3. Stocks are so cheap that corporations
Mon May 18, 2020, 12:32 PM
May 2020

are buying there own stocks back. Has more to do with the wealth of CEOs than fundamentals.

KPN

(15,527 posts)
9. Moderna's first human subject vaccine trials report came out early morning showing positive,
Mon May 18, 2020, 12:44 PM
May 2020

hopeful results.

PoindexterOglethorpe

(25,578 posts)
4. People with money recognize that
Mon May 18, 2020, 12:34 PM
May 2020

now is not a bad time to buy stocks.

People here tend to say the market is overvalued all the time. It often isn't. Right now a lot of stocks would be dirt cheap.

unblock

(51,792 posts)
6. fwiw, here's what cnbc says:
Mon May 18, 2020, 12:36 PM
May 2020

always take with a big grain of salt the "reasons" offered for why the stock market moves on any one day.


https://www.cnbc.com/2020/05/17/stock-futures-up-after-powell-says-economy-could-recover-some-this-year.html

Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine.

The Dow Jones Industrial Average traded 800 points higher, or 3.4%. The S&P 500 gained 3% while the Nasdaq Composite advanced 2.5%.

Moderna shares rallied 26% after the company reported “positive” phase one results for a potential coronavirus vaccine. The company said that after two doses all 45 trial participants had developed coronavirus antibodies.

muriel_volestrangler

(100,960 posts)
10. Not just the USA: Germany +5.7%, UK +4.3%, France +5.2%
Mon May 18, 2020, 02:20 PM
May 2020

Japan was only +0.5%, so perhaps it was something after Tokyo closed, but before Europe opened (each had a large gain on opening)

https://www.bbc.co.uk/news/business/market-data

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