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Wed May 6, 2020, 12:28 PM

It may get uery confvsing for vs here on DV

Trump promised a V-shaped recovery for the stock market. Well, the ship has already sailed on that. The best we can hope for is a U, and may even end up with a W. So let's just assume it will be a U. Since we know Trump rewrites reality to match his past false narratives, that means the letters U and V will have to be swapped.

Thank yov for that, Trvmp!

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Reply It may get uery confvsing for vs here on DV (Original post)
Shermann May 2020 OP
elias7 May 2020 #1
ProfessorGAC May 2020 #4
Shermann May 2020 #5
progree May 2020 #2
lagomorph777 May 2020 #3

Response to Shermann (Original post)

Wed May 6, 2020, 03:09 PM

1. I am confused why were talking recovery

This is been going on for 2 months, and the bear market lasted, what, 1 week? We are now starting to see bankruptcies, increasing unemployment, and realizing this is going to last many many months if not longer. How on earth are we talking recovery when we have not even seen the extent of the damage yet? There is no way that the full impact of coronavirus could have been "priced in" a month ago. Something is so not right...

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Response to elias7 (Reply #1)

Wed May 6, 2020, 04:12 PM

4. The Bear Market Lasted A Week?

DJIA, S&P, & the Russell are down 18-21% from where they were in January.
S&P and the Russell are below where they were 28 months ago!
This bear market isn't over.
The virus issues triggered an overdue correction and stimulated long term profit taking which caused the markets to overcorrect.
There's no resumption of a bull market.

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Response to elias7 (Reply #1)

Wed May 6, 2020, 07:10 PM

5. I think by the end of May we'll know our fate nt

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Response to Shermann (Original post)

Wed May 6, 2020, 03:28 PM

2. S&P 500 is below where it was in January 2018, more than 2 1/4 years ago

https://finance.yahoo.com/quote/%5EGSPC/history?p=%5EGSPC

S&P 500 closing prices
1/26/18: 2873
5/06/20: 2848

The great Trump stock market boom looks like it hit the Pause button 2 1/4 years ago, except for a lot of volatility

Before that, it was a continuation of the great Obama stock market boom.

Coincidentally (?), January 2018 was the first month that the TCJA Tax Cuts and Jobs Act, passed the previous month, took effect.

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Response to Shermann (Original post)

Wed May 6, 2020, 03:29 PM

3. I predict an "L" shaped recovery

until we dump Trump

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