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.
especially since there will be some lag time for the assistance checks and financial help to businesses.
grubbers, not the real world. totally artificial. and nobody loses a penny unless they sell
Then it may be good to transfer funds, etc.
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.
That is 2 years of tax receipts and we were already 1 trillion over budget for the year. Bull or Bear market this aint 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 dont really matter.
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.
Regular people need help and so do businesses to keep people employed.
I agree, Main Street and we the people have not recovered . We have no savings so the Dow doesnt 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 aint so rosey
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.
The markets will continue to decline for months to come. We probably won't hit bottom until the Fall at the earliest.