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Stock market has decided this thing is plateauing

Posted on 4/6/20 at 2:53 pm
Posted by PEPE
Member since Jun 2018
8198 posts
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.
Posted by meeple
Carcassonne
Member since May 2011
9382 posts
Posted on 4/6/20 at 2:54 pm to
It’s surging!
Posted by The Maj
Member since Sep 2016
27158 posts
Posted on 4/6/20 at 2:54 pm to
quote:

all things considered, the damage has been pretty minimal.


Expect with the whole trampling on the Constitution thingy...
Posted by RollTide1987
Augusta, GA
Member since Nov 2009
65130 posts
Posted on 4/6/20 at 2:54 pm to
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 by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134865 posts
Posted on 4/6/20 at 2:54 pm to
We're nowhere close to stabilizing
Posted by Presidio
Member since Nov 2017
3060 posts
Posted on 4/6/20 at 2:55 pm to
Stock market doesn't "decide", it only reacts and is very, very fickle.
Posted by Dr Rosenrosen
Member since May 2006
3339 posts
Posted on 4/6/20 at 2:56 pm to
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.
Posted by keakar
Member since Jan 2017
30048 posts
Posted on 4/6/20 at 2:57 pm to
dimrats and CNN/MSM be like
Posted by hogcard1964
Illinois
Member since Jan 2017
10475 posts
Posted on 4/6/20 at 2:57 pm to
+1000

It's good to see
Posted by TeLeFaWx
Dallas, TX
Member since Aug 2011
29179 posts
Posted on 4/6/20 at 2:57 pm to
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 by Pepperoni
Mar-a-Lago
Member since Aug 2013
3485 posts
Posted on 4/6/20 at 2:58 pm to
Posted by SSpaniel
Germantown
Member since Feb 2013
29658 posts
Posted on 4/6/20 at 2:58 pm to
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 by Bass Tiger
Member since Oct 2014
46151 posts
Posted on 4/6/20 at 2:59 pm to
quote:

Stock market doesn't "decide", it only reacts and is very, very fickle.


You're on it!
Posted by Dr Rosenrosen
Member since May 2006
3339 posts
Posted on 4/6/20 at 2:59 pm to
You are correct sir.

This is the most expensive sham in US history.
Posted by PEPE
Member since Jun 2018
8198 posts
Posted on 4/6/20 at 3:00 pm to
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 by FlexDawg
Member since Jan 2018
12812 posts
Posted on 4/6/20 at 3:02 pm to
We did all of this to “slow the spread” but hospitals aren’t close to being overwhelmed.
Posted by PEPE
Member since Jun 2018
8198 posts
Posted on 4/6/20 at 3:03 pm to
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 by PEPE
Member since Jun 2018
8198 posts
Posted on 4/6/20 at 3:05 pm to
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 by sms151t
Polos, Porsches, Ponies..PROBATION
Member since Aug 2009
139848 posts
Posted on 4/6/20 at 3:06 pm to
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 by BayouBlitz
Member since Aug 2007
15843 posts
Posted on 4/6/20 at 3:31 pm to
quote:

This is the most expensive sham in US history.


Thanks, Trump!
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