Dow 26,000?
- Thread starter Jack
- Start date
Which proves it is not a true economic indicator. While small business and people suffer, large corporations are doing fine.
In a newly released interview, New York Stock ExchangePresident Stacey Cunningham acknowledged that the resilient stock market does not reflect the condition of the economy, since relatively robust sectors like health care and tech make up a large portion of major indexes like the S&P 500 (^GSPC).May 7, 2020
jimmymccready
Verified User
26000 dow and 20% UE.
Tell me how that will work in the elections.
Tell me how that will work in the elections.
It's baffling.
I think the 're-opening' has a lot to do with it.
Along with a hope for a Vaccine.
I think that the phase irrational exuberance, describes what is going in the markets.
Why the disconnect between stocks and the economy is worrying
Julia Horowitz byline
"The fundamental problem is market psychology and whether the narrative shifts from the summer of hope to the summer of discontent, where first consumers and then investors become jaded by a post Covid-19 hangover compounded by a White House running out of options on all front, be it domestic or foreign policy," Stephen Innes, chief global markets strategist at AxiCorp, told clients Wednesday.
https://www.cnn.com/2020/06/03/investing/premarket-stocks-trading/index.html
Why the disconnect between stocks and the economy is worrying
Julia Horowitz byline
"The fundamental problem is market psychology and whether the narrative shifts from the summer of hope to the summer of discontent, where first consumers and then investors become jaded by a post Covid-19 hangover compounded by a White House running out of options on all front
https://www.cnn.com/2020/06/03/investing/premarket-stocks-trading/index.html
Re-building after the Trump Riots is something to consider.
Shows who benefited from the pandemic stimulus packages
As “phantasmal” said, on its own, the Market is not a good indicator, and when used, is best measured over time, today if it shows anything it is how volatile the Market is day to day
I believe it's a reflection of how the Ownership Class views the Future of Production and Consumption.
/MSG/
Uwaa OmO
A fools hope. And we all know what to say about fools and their money.
/MSG/
Uwaa OmO
What's it matter? You can't vote yourself prosperity or a job.
People are betting on a "v shaped" recovery. They understand that the economy is artificially deflated.
People are talking about 27,000.
Riots in the Streets, Coronavirus everywhere, Depression-era unemployment.
I have no explanation. (well, I have some conspiracy theories)
/MSG/
Uwaa OmO
I'm sure they are. The next crash will be unrecoverable.
jacksonsprat22
Verified User
What about it? or is "wow" all you know?
jimmymccready
Verified User
With an UE rate of 20%, a thirty thousand market will not save Trump.
jacksonsprat22
Verified User
And Trump's racism is not playing well across America.
You seem to have a very negative view of Global Capitalism.