Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
15 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

at140

(6,105 posts)
2. Today's market rally was classic
Tue Mar 24, 2020, 06:25 PM
Mar 2020

bear market rally. Face ripping fierce rallies are a hallmark of bear markets. Those are usually followed by drip drip incessant corrections.
Bull markets act opposite, there are severe correction days followed by incessant slow but steady upward movement.

wishstar

(5,257 posts)
3. Stocks will tank again soon when immense unemployment numbers and loss of profits is reported
Tue Mar 24, 2020, 06:26 PM
Mar 2020

especially since there will be some lag time for the assistance checks and financial help to businesses.

msongs

(66,960 posts)
4. it would be better to just ignore the stock market. it is only a reflection on speculators and money
Tue Mar 24, 2020, 06:30 PM
Mar 2020

grubbers, not the real world. totally artificial. and nobody loses a penny unless they sell

empedocles

(15,751 posts)
8. Ignore, if you don't stocks somewhere, like retirement funds.
Tue Mar 24, 2020, 06:47 PM
Mar 2020

Then it may be good to transfer funds, etc.

kurtcagle

(1,583 posts)
7. Put this into perspective
Tue Mar 24, 2020, 06:46 PM
Mar 2020

This was the largest "rally" since 1933 in percentage terms. The market promptly collapsed shortly thereafter in 1933, becoming the worst year of the depression. Right now, everyone is looking for a "bottom". They won't find them so long as we see 10% swings in the market. I anticipate that this week we'll probably end up coming back down to within a few hundred points either way of where we started.

Nothing's really happened today - a lot of promises were made by an administration that is notoriously bad about keeping promises, and the Senate waved around a lot of money that likely very few people will ever actually see except those that just made some really bad bets in the stock markets and want to be made whole again for free. Wait for a major politician or business leader to die from Covid19, and the DJIA will go right back down.

Under The Radar

(3,386 posts)
11. There is a $6 trillion number being thrown around by Kudlow
Tue Mar 24, 2020, 06:59 PM
Mar 2020

That is 2 years of tax receipts and we were already 1 trillion over budget for the year. Bull or Bear market this ain’t real money anymore. Are we not paying interest on debt to the federal reserve? What is the collateral on that debt.
Right now our debt is 123% of GDP, and congress is talking about throwing 30% more debt.
So Cheney was right, deficits don’t really matter.

at140

(6,105 posts)
14. Excessive Debt has caused demise of empires, corporations and individuals
Tue Mar 24, 2020, 07:27 PM
Mar 2020

The republicans do not give a rat's behind about the long term effects of debt.
All they care is getting re-elected and hang on to power.

I am not sure that $4 Trillion Kudlow talks about is US Treasury taking on that debt.
It is strictly between the Federal Reserve bank and corporations+banks.

XRubicon

(2,203 posts)
9. Yes, because the market is not the economy
Tue Mar 24, 2020, 06:51 PM
Mar 2020

Regular people need help and so do businesses to keep people employed.

Under The Radar

(3,386 posts)
12. Let me see you explain that to Trump
Tue Mar 24, 2020, 07:06 PM
Mar 2020

I agree, Main Street and we the people have not recovered . We have no savings so the Dow doesn’t help us at all. Credit default have been rising for 2 years, auto loan defaults are at 4%. Unless the S&P500 is cutting you a check, then the economy ain’t so rosey

XRubicon

(2,203 posts)
13. I wish I had the chance to explain this to shitbird
Tue Mar 24, 2020, 07:16 PM
Mar 2020

There is nothing good about what is happening- health or economy. I don't want to see the government bail out anyone but I think it needs done given where we are.

Yavin4

(35,222 posts)
10. Few uncertainties have been resolved.
Tue Mar 24, 2020, 06:54 PM
Mar 2020

The markets will continue to decline for months to come. We probably won't hit bottom until the Fall at the earliest.

Latest Discussions»General Discussion»Let's say the markets rec...