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Started By
Message
Stock market has decided this thing is plateauing
Posted on 4/6/20 at 2:53 pm
Posted on 4/6/20 at 2:53 pm
Hopefully they are right.
The numbers in Italy, New York, and all over all seem to indicate we're pretty much at peak Corona, and all things considered, the damage has been pretty minimal.
The numbers in Italy, New York, and all over all seem to indicate we're pretty much at peak Corona, and all things considered, the damage has been pretty minimal.
Posted on 4/6/20 at 2:54 pm to PEPE
quote:
all things considered, the damage has been pretty minimal.
Expect with the whole trampling on the Constitution thingy...
Posted on 4/6/20 at 2:54 pm to PEPE
I'll be interested to see if the news out of England with Boris Johnson being in the ICU with the Wuhan Flu has any impact on trading tomorrow.
Posted on 4/6/20 at 2:54 pm to PEPE
We're nowhere close to stabilizing
Posted on 4/6/20 at 2:55 pm to PEPE
Stock market doesn't "decide", it only reacts and is very, very fickle.
Posted on 4/6/20 at 2:56 pm to PEPE
The market is realizing that this was a ridiculous overreaction and is quickly reversing course.
In about 2-3 weeks the American public will do the same.
In about 2-3 weeks the American public will do the same.
Posted on 4/6/20 at 2:57 pm to PEPE
quote:
Hopefully they are right.
The numbers in Italy, New York, and all over all seem to indicate we're pretty much at peak Corona, and all things considered, the damage has been pretty minimal.
The problem is that they are hedging all this by saying, "if social distancing continues through May."
There have been 127 deaths in Texas. 127. Now, that may hit 1,000 in a month, but this low of a number, or even a much higher number, was not worth shutting down the economy, and not worth keeping it shut for another two months, which is what people are asking for.
Posted on 4/6/20 at 2:58 pm to TeLeFaWx
quote:
There have been 127 deaths in Texas. 127. Now, that may hit 1,000 in a month, but this low of a number, or even a much higher number, was not worth shutting down the economy
Perhaps it's that low because everything was shut down.
Posted on 4/6/20 at 2:59 pm to Presidio
quote:
Stock market doesn't "decide", it only reacts and is very, very fickle.
You're on it!
Posted on 4/6/20 at 2:59 pm to TeLeFaWx
You are correct sir.
This is the most expensive sham in US history.
This is the most expensive sham in US history.
Posted on 4/6/20 at 3:00 pm to The Maj
quote:
Expect with the whole trampling on the Constitution thingy...
Definitely. The life loss has been minimal. The economic damage has been pretty bad. The realization that the entire world is a bunch of spineless pussies who instantly roll over to government fear mongering has been horrifying.
Posted on 4/6/20 at 3:02 pm to PEPE
We did all of this to “slow the spread” but hospitals aren’t close to being overwhelmed.
Posted on 4/6/20 at 3:03 pm to upgrayedd
quote:
We're nowhere close to stabilizing
I think major volatility will continue for weeks if not months, however since hitting the "bottom" at 18,500 the trend has been strongly upwards for almost 2 weeks now. Granted, a ton of volatility, but today's close is a new high from that 18,500 mark.
There are sure to be more big ups and downs in the near future but as long as the trend is back upwards I'm happy.
Posted on 4/6/20 at 3:05 pm to FlexDawg
quote:
We did all of this to “slow the spread” but hospitals aren’t close to being overwhelmed.
Correct. Outside of New Orleans and New York, no hospital systems even came close to get "overwhelmed" and even they mostly managed, it's not like there were people laying dead in the lobbies.
Posted on 4/6/20 at 3:06 pm to PEPE
Is the market still up 1200? Just saw it closed up 1600
This post was edited on 4/6/20 at 3:08 pm
Posted on 4/6/20 at 3:31 pm to Dr Rosenrosen
quote:
This is the most expensive sham in US history.
Thanks, Trump!
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