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Stock Market Crash

HoosierDeac said:
once again, the market is a discounting mechanism- not to say it's not overly optimistic currently, but if promising treatments are potentially on the near term horizon and a vaccine is expected to arrive sometime in 2021, is there not reason for economic optimism looking 18-24 months into the future?
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That's part of the point. The stock market is all about gambling on companies who will get bailed out no matter what so they'll still be around 18-24 months into the future. Much of the rest of the economy isn't that fortunate. The people placing the bets will still have money 18-24 months into the future, but many regular people definitely won't.
 
Louis Gossett Jr said:
Its completely decoupled from reality. Probably with the idea that most major companies are no longer allowed to fail so there is pretty much zero risk so just keep making that money not tied to anything.
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What percentage of daily volume is algorithmic bots trying to eke out tiny gains on high volume trading?
 
PhDeac said:
That's part of the point. The stock market is all about gambling on companies who will get bailed out no matter what so they'll still be around 18-24 months into the future.
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The market is all about gambling on companies who will get bailed out?

LOL - It's obvious from this post you know more about being an offensive coordinator in football than the stock market.
 
Colonel Angus said:
The market is all about gambling on companies who will get bailed out?

LOL - It's obvious from this post you know more about being an offensive coordinator in football than the stock market.
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Have a good fap to the sombrero girl creep?
 
WakeForestRanger said:
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The man is nothing if not petty and vindictive. Other than playing golf and watching Fox News, it appears that a good deal of his energy each day is spent on thinking about ways to get even or provide painful or humiliating payback to any person, group, or nation that dares to cross him in any way. He's the exact opposite of a uniter, which is what we've desperately needed in this crisis from the beginning (well, that and competence.)
 
I wouldn't be so sure.

If anyone is plugged into the Trump white house and has his fingers on the pulse of the economy... it's Josh Marshall from the Talking Points Memo.
 
Of course he is. Trump's only solution to problems is to declare divorce or bankruptcy.

Of course Trump owes hundreds of millions to the Chinese personally, I'd keep an eye on that....
 
WakeForestRanger said:
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If anyone is plugged into the Trump white house and has his fingers on the pulse of the economy... it's Jeffrey Stein the White House economics reporter from the Washington Post.
 
Yes lets have people sue the Chinese government, Chinese response to lawsuit, Fuck you! Ok, well we tried.
 
So what have we learned over the last 3 months?

The stock market crashed while the economy was "open" and people were contracting COVID-19.

The stock market rebounded mightily while stay-at-home orders were in place and tens of millions of people were on enhanced unemployment and hundreds of millions of Americans were getting government checks.
 
PhDeac said:
So what have we learned over the last 3 months?

The stock market crashed while the economy was "open" and people were contracting COVID-19.

The stock market rebounded mightily while stay-at-home orders were in place and tens of millions of people were on enhanced unemployment and hundreds of millions of Americans were getting government checks.
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Or:

The stock market plummeted with news of a once-in-a-generation pandemic of unknown severity, an oil war affecting a wide range of industries, and with the possibility of a global economic shutdown of unknown length. Then, when more information was obtained and the severity of the disease and its rates of severe illness, hospitalization, and death were found to be lower than initially feared, the market rebounded, but is still well off its highs.

Seems like an over-reaction, coupled with a partial rebound. And we'll see the market retest the lows again I'm confident. Again, the stock market isn't "the economy." Plus, many of those who had cash available did the smart thing and bought while the market was low.

I'm not sure I understand being frustrated with a partial stock market rebound.
 
Due to market cap weighting, the 5 largest stocks (all technology stocks that haven't been hard by coronavirus) make up 20% of the S&P500 index.
 
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