HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » How can the DOW be up 400... » Reply #8

Response to gab13by13 (Original post)

Fri Apr 17, 2020, 12:54 PM

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.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Please login to view edit histories.