General Discussion

dawg

(10,622 posts)

14. Please don't hate on Powell.

Fri May 8, 2020, 04:46 PM

May 2020

We've had an extreme shock to the economy, and extreme measures from the Fed are warranted. They will help to ease the potential pain in the real economy.

As for the stock market, I agree with you that it's being delusional right now. It's pricing in a quick v-shaped recovery that wouldn't be possible even if we all woke up vaccinated tomorrow. (Lots of families and businesses would still be significantly damaged.)

I'll probably take advantage of the delusional market to raise a little cash sometime over the next few weeks. I'll probably be able to buy back at a lower price once reality sets in. But, if not, I'll still have the cash and I'm probably going to need it.

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There's something seriously wrong with the stock market [View all] Calculating May 2020 OP

I guess... Newest Reality May 2020 #1

Trump bankrupting us Propping up the greedy. pwb May 2020 #2

A combination of quantitative easing, guillaumeb May 2020 #3

Corporations will make more profits when they cut procon May 2020 #4

stock market has no soul or connection to politics or life NRaleighLiberal May 2020 #5

That isn't true. Markets are fueled by speculation on profitability Under The Radar May 2020 #7

I think fundamentally the economy is in good shape and doc03 May 2020 #6

My friend agrees with you DetroitLegalBeagle May 2020 #8

But beware of Disaffected May 2020 #21

Ask Your Friend... ProfessorGAC May 2020 #25

Thanks ProfessorGAC! smirkymonkey May 2020 #26

Sorry, not with 20% unemployment still_one May 2020 #11

The unemployment is 14.7% now. The unemployment is not a result of any doc03 May 2020 #22

There's no recovery when 10 to 20% of the whole economy is not working uponit7771 May 2020 #27

There are so many industries that are being damaged. Food, transportation, and retail. still_one May 2020 #30

According to trump's own economic advisor, May's unemployment rate is going to 20% still_one May 2020 #29

No rockfordfile May 2020 #15

America has a very short memory, many think the economy was in a shambles when doc03 May 2020 #24

Are you kidding me? Trump's trade wars hurt the farmers tremendously. While the economy has still_one May 2020 #32

That's what I said many people (people that voted for Trump) think the economy doc03 May 2020 #36

+++ still_one May 2020 #38

Sociopaths. nt essme May 2020 #9

The stock market isn't the economy, and the economy isn't the stock market still_one May 2020 #10

Thank YOU! smirkymonkey May 2020 #16

Exactly. The 20% unemployment is a reality check still_one May 2020 #18

Perhaps, though I don't think so kurtcagle May 2020 #12

The Stock Market has been largely decoupled from the general economy... Wounded Bear May 2020 #13

Please don't hate on Powell. dawg May 2020 #14

When TRILLIONS are pumped into the stock and bond markets artificially NoMoreRepugs May 2020 #17

Pretty fragile, I would think. safeinOhio May 2020 #19

3 reasons. Midnight Writer May 2020 #20

Horrible isn't it? Karma13612 May 2020 #23

#Eugenicscapitalism loves death and unemployment JCMach1 May 2020 #28

We would be way better off I_UndergroundPanther May 2020 #31

A two trillion dollar bailout to the rich helps float a lot of junk struggle4progress May 2020 #33

No, They heard that Pelosi would soon be in charge and things would be looking up tavernier May 2020 #34

The U.S. will be gutted shanti May 2020 #35

I can sort of understand NASDAQ tinrobot May 2020 #37

You have to remember two things TheFarseer May 2020 #39