The Stock Market is up for the day. Huh?

[Sanity Claws]

Cities are ablaze with unrest. A pandemic is going on. Unemployment is skyrocketing. The alleged President is hiding in a bunker. Yet the market has gains.

WTF?

[SoonerPride]

1. Free FED money means the market can't lose.

[brooklynite]

2. +77 isn't "up". That's background noise.

[sfstaxprep]

3. Everything Is Fine For Them

A handful of looted and burned businesses, some riots here and there. But life goes on for them.

[Midnight Writer]

6. Exactly. The investment class is not touched by violence. They don't shop at Target.

And they don't need US workers and consumers anymore.

Workers are cheaper elsewhere, and US consumer market is no longer the biggest.

[maxrandb]

13. Let's not forget... the Dow is a handful of publicly traded companies

when you compare it to all the businesses out there.

They don't give one fuck that some small local sporting goods store got flamed out, Walmart, Target and Bass Pro Shop sell sporting goods.

They don't give one fuck that the best local burger joint or pizza shop got destroyed, Wendy's, Burger King, McDonald's and Pizza Hut sell hamburgers and pizza.

We need to understand that the Dow does not reflect economic reality... especially when it's clear that if the Dow fucking sneezes, the government will run in with a Sam's Club size package of Kleenex.

I don't think it always used to be this way. I think at some point in America you did have at least a little bit of corporate patriotism.

That's little bit has been gone since Ray-Gun.

[uponit7771]

14. +1

[Thomas Hurt]

4. Stock market runs on speculation and denial.

It is only the peasants who are suffering so its okay.

[lunatica]

5. Times like these are when the Stock Market goes way up

Lots of people don’t understand this.

It’s a great time to buy stock for cleanup items and paint and window repair companies. Entire cities are forced to buy up repair and cleaning supplies. If there’s stock in garbage disposal services you can make a killing.

Disasters are great for business on Wall Street.

[dawg]

7. Don't know if I've ever seen it this disconnected from reality.

Although, to be fair, maybe I'm the one who has it wrong. Maybe, by this time next year, earnings will be right back to where they would've been had Covid19 never happened. But that seems very unlikely to me.

[Timewas]

8. It is

"let's pretend" that the stock market has anything to do with reality

[judeling]

9. Buy when there is blood in the street

That is a very old market saying.

[Amishman]

10. market has been detached from reality for over a month now

This happens, and corrects eventually. price to earnings is way above historical averages, and growth forecasts don't support it. It will correct eventually, especially when large companies have to eventually pay off the huge amount of bonds issued over the past few months and bought up by the Fed.

[struggle4progress]

11. "Where, oh where, DID that multi-trillion relief package go?"

[RhodeIslandOne]

12. It's almost like the stock market operates somewhere other than real America n/m