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Message
re: 6.6m new jobless claims last week
Posted on 4/2/20 at 8:30 am to tigereye58
Posted on 4/2/20 at 8:30 am to tigereye58
The years following the 2008-2009 financial crisis, the market loved when bad economic data was released, because it meant more stimulus coming.
I was just getting into trading at the time and got burned a few times trying to short the market, because “logically” it SHOULD have went down.
We’ll see what happens today. But if oil stays up like it is now, it is going to help support the market.
I was just getting into trading at the time and got burned a few times trying to short the market, because “logically” it SHOULD have went down.
We’ll see what happens today. But if oil stays up like it is now, it is going to help support the market.
0
Posted on 4/2/20 at 8:31 am to olgoi khorkhoi
Yep.....expecting more pain ahead
Posted on 4/2/20 at 8:45 am to southernelite
quote:
Now employers know what they can do to get fed help and that their employees will be taken care of by the government. This shouldn’t be surprising.
Yeah, nothing is going back to normal until 5/1 at the earliest. There is no reason for companies to pay people until that point. With the changes to UI, I am not sure if these numbers are really that bad. A lot of these people will be making more
ETA The numbers next week should match this weeks increase at a minimum. 4/1 was a huge day for furloughs.
This post was edited on 4/2/20 at 8:46 am
Posted on 4/2/20 at 8:46 am to castorinho
quote:
Actually, where are YOU looking?
On ThinkorSwim at the S&P futures chart
Huge jump on open.
Posted on 4/2/20 at 9:03 am to olgoi khorkhoi
You know a good amount of those are still working...they are able to claim if they have reduced hours. It’s a flawed/skewed number
Posted on 4/2/20 at 9:53 am to bstew3006
Every economic metric is skewed in some way, doesn't mean it's not relevant.
I think a 6 million jump in 2 weeks is significant no matter how skewed it is.
I think a 6 million jump in 2 weeks is significant no matter how skewed it is.
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