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The stock market is now actually up from where it was 12 months ago

Posted on 5/28/20 at 1:55 pm
Posted by PEPE
Member since Jun 2018
8198 posts
Posted on 5/28/20 at 1:55 pm
Both the Dow and S&P 500 are trading at HIGHER levels than they were a year ago on 5/28/19.

For all the doom and gloom, the market was so booming it could give back a lot and STILL be way up.
Posted by jawnybnsc
Greer, SC
Member since Dec 2016
4947 posts
Posted on 5/28/20 at 1:57 pm to
We've got to get people back to work. If we're still at 20% unemployment in October, the situation will start to become unrecoverable.
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 5/28/20 at 1:58 pm to
With the Fed printing money and buying corporate debt (including a lot of risky bonds), who cares about consumption decreases and skyrocketing unemployment.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123814 posts
Posted on 5/28/20 at 2:09 pm to
quote:

Both the Dow and S&P 500 are trading at HIGHER levels than they were a year ago on 5/28/19.
quote:

the market was so booming it could give back a lot and STILL be way up.
Right.
The basis for those comparative numbers is hugely different.
Last year we only had 6 million underemployed total. We currently have 41 million unemployed. If we can get to September @ >3050 S&P and >25.5K DJIA (today's levels), we'll be in good shape.
But IMO, the next few months in our markets won't be suited for the faint-hearted.
Posted by The Maj
Member since Sep 2016
27063 posts
Posted on 5/28/20 at 2:10 pm to
quote:

The stock market is now actually up from where it was 12 months ago


GTFO with this positive shite... black men are being hunted, mutilated, and killed in this country...
Posted by BigPerm30
Member since Aug 2011
25862 posts
Posted on 5/28/20 at 2:11 pm to
I don’t think the stock market is a good indication of the health of the economy. I see a huge dip coming. It will rebound bigly if Trump wins. If he loses I’m moving to another country.
Posted by Sneaky__Sally
Member since Jul 2015
12364 posts
Posted on 5/28/20 at 2:17 pm to
quote:

Both the Dow and S&P 500 are trading at HIGHER levels than they were a year ago on 5/28/19.

For all the doom and gloom, the market was so booming it could give back a lot and STILL be way up.



Its almost like creating a massive bailout for big corporations with minimal supervision gives the mega rich people in power confidence they gov't won't let them lose money
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 5/28/20 at 2:17 pm to
quote:

If he loses I’m moving to another country.


What country?
Posted by fillmoregandt
OTM
Member since Nov 2009
14368 posts
Posted on 5/28/20 at 2:27 pm to
QUEUE THE RACE WAR
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 5/28/20 at 2:31 pm to
quote:

With the Fed printing money and buying corporate debt (including a lot of risky bonds), who cares about consumption decreases and skyrocketing unemployment.





NO BUYING OPPORTUNITIES

frick you
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 5/28/20 at 3:33 pm to
quote:

NO BUYING OPPORTUNITIES


I never said that, I noted that everyday was a buying oppo. Everyday...and that was before three brrrrrrrr$$$$$$.
Posted by BigPerm30
Member since Aug 2011
25862 posts
Posted on 5/28/20 at 4:45 pm to
quote:

What country?


BigPermville
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