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re: Why are people “angry” that the Dow is up this morning? Some examples from twitter

Posted on 5/8/20 at 10:16 am to
Posted by coachcrisp
pensacola, fl
Member since Jun 2012
30818 posts
Posted on 5/8/20 at 10:16 am to
You've either latched on to a bunch of democrats who want the market to go to hell so Trump can be beaten, OR you've got some folks who are cash heavy and want another dip so they can get back in at sale prices.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11664 posts
Posted on 5/8/20 at 10:18 am to
The Fed and every other central bank on this planet is suppressing bond volatility, of course stocks are being bought up and flows are bullish.
Posted by Gray Tiger
Prairieville, LA
Member since Jan 2004
36512 posts
Posted on 5/8/20 at 10:18 am to
Its not called TWIT ter for nothing.

I can't think of any reason why anyone with a partially functioning brain wastes time with it.

Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
92580 posts
Posted on 5/8/20 at 10:20 am to
They don't understand that all of this unemployment was priced into those initial historic crashes and this reflects a stable, optimistic view on the rebound?

FFS, they really don't understand economics or the equity markets now, do they?
Posted by doubleb
Baton Rouge
Member since Aug 2006
40280 posts
Posted on 5/8/20 at 10:23 am to
Wall Street already knew about the job situation snd that’s thee Ed main reason for the steep fall we already saw.

Anti Trump types want to win the WH at all costs, and they want more and more red ink. It’s all political.
Posted by Indefatigable
Member since Jan 2019
33484 posts
Posted on 5/8/20 at 10:28 am to
quote:

People on Main Street are anxious and struggling to afford their living expenses and worried about reports of potential food shortages and they see another green day for the stock market and see that "we're not in this together" no matter how many times they see a commercial saying that we are


Good god, how stupid can one be?
Posted by CleverUserName
Member since Oct 2016
14570 posts
Posted on 5/8/20 at 10:39 am to
quote:

People can’t understand that maybe THEY are the clueless ones.


Same folks laughed at me for buying Southwestern Energy Stock at 1.54. The joke was reaaaaly on when it dropped in the 1.20s. It’s at $3.01 as I type this. I even deleted my previously set sell limit to keep it.

Also bought Halliburton at $6.15. It’s at $10.30 as I type this.

Regrets? That I didn’t buy thousands of dollars more.
This post was edited on 5/8/20 at 10:43 am
Posted by lsu13lsu
Member since Jan 2008
11713 posts
Posted on 5/8/20 at 10:40 am to
It is amazing the same people who are telling us to stay at home are often the ones saying they cannot believe the government is propping up stock market/economy.
Posted by Crimson Wraith
Member since Jan 2014
27744 posts
Posted on 5/8/20 at 10:54 am to
They don't want jobs.
Posted by FearlessFreep
Baja Alabama
Member since Nov 2009
18468 posts
Posted on 5/8/20 at 11:07 am to
quote:

People on Main Street are anxious and struggling to afford their living expenses and worried about reports of potential food shortages and they see another green day for the stock market and see that "we're not in this together" no matter how many times they see a commercial saying that we are
We haven’t been “all in this together” in the last fifty years.

The sooner you accept this and adjust your expectations accordingly, the better off you’ll be.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 5/8/20 at 11:12 am to


The numbers were better than expected I think.

Stock prices have expectations baked in. Daily fluctuations are in part based on beating or falling below expectations.

and whatever is happening today may or may not have anything to do with that number

Our media and "influencers" possess a swill of ignorance and flat out dishonesty
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 5/8/20 at 11:18 am to
quote:

Well Mr. Country Club, let me break it down for you.

People on Main Street are anxious and struggling to afford their living expenses and worried about reports of potential food shortages and they see another green day for the stock market and see that "we're not in this together" no matter how many times they see a commercial saying that we are


lol the stock market isn't just for rich people. How dumb are you?
This post was edited on 5/8/20 at 11:24 am
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