HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Why is this sh*t good for...

Mon Jun 8, 2020, 03:02 PM

 

Why is this sh*t good for big business?

Trump celebrates a 'big day for the stock market' as Dow jumps by 250 points and American Airlines reveals their shares have DOUBLED in price off the back of reopening and huge jobs report
https://www.dailymail.co.uk/news/article-8399187/Dow-Jones-jumps-250-points-American-Airlines-reveals-shares-DOUBLED-month.html

The Dow was up 263 points, or 1%, at 27,374, on Monday morning

Hammered shares in travel operators, including American Airlines and United Airlines Holdings, climbed between 7% and 16.5% in premarket trading

AA stocks were up 7% from pre-market on Friday. At $19.90, shares had doubled compared to this time last month and increased 94% from two months ago

The market saw a boost Friday when the government said 2.5 million jobs were added to payrolls last month, after economists expected 8 million more jobs lost

Trump tweeted: 'Big day for Stock Market. Smart money, and the World, know that we are heading in the right direction. Jobs coming back FAST'

...


I'm trying to avoid getting all conspiracy theoretical about this.

Is all the upheaval simply irrelevant to them or are they profiteering on it somehow?

6 replies, 705 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 6 replies Author Time Post
Reply Why is this sh*t good for big business? (Original post)
Odoreida Jun 2020 OP
Turbineguy Jun 2020 #1
sfstaxprep Jun 2020 #2
42bambi Jun 2020 #3
SWBTATTReg Jun 2020 #4
Coleman Jun 2020 #5
ProfessorGAC Jun 2020 #6

Response to Odoreida (Original post)

Mon Jun 8, 2020, 03:07 PM

1. Trump has no clue.

I think the stock market is telling us Biden will win.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Turbineguy (Reply #1)

Mon Jun 8, 2020, 03:14 PM

2. I Disagree

The market is telling me that it wants to convey how everything is fine and dandy, so people don't realize the mess we're in, all so that Drumpf can get re-elected.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to sfstaxprep (Reply #2)

Mon Jun 8, 2020, 03:23 PM

3. Waiting for the Ghost Economy to rear it's head, and it won't be pretty. nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Turbineguy (Reply #1)

Mon Jun 8, 2020, 03:26 PM

4. I happen to agree w/ you. Markets don't like upheavals, bad markets, etc. They want a stable...

environment and after rump's rocky and chaotic administration going right and left, over and under, on just about everything but the 2017 tax cut and jobs bill, where the repugs gave their donors a massive tax break (and this is literally the only thing they've done, nothing else worth saying has come from the republicans except no, no, no (w/ moscow mitch in the lead).

Biden will bring leadership. He'll bring stability and a steady hand to the table, and is one who been there before, with Barak Obama. I trust Biden, he's a known quantity.

rump...he's a walking disaster area w/ a gutter mouth to boot...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Odoreida (Original post)

Mon Jun 8, 2020, 03:31 PM

5. This shows that the stock market has nothing to do with the econmy.

Sure in a normal time good business or bad news can dictate what the market will do. But in reality the market is based on buys and sells. Trumps billionaire friends are pouring money into the market, driving it up. Then after the election (regardless who wins) they will dump the stocks and the market will crash. His friends would have made millions of dollars, the small investors who follow the trend will lose their shorts. Buy and sell is all its about.

I worked for a company that spawned a new company. I watched the stock of the new company, at a low it would be around $9 o $11, then it would start climbing to about $32, then crash back down to $9, then start climbing, then crash, then climb, then crash. It was the the guy who created the company but held no position with the company playing the market. Doubling and tripling his money with each cycle.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Odoreida (Original post)

Mon Jun 8, 2020, 03:46 PM

6. More Irrational Exuberance

First, the American Airlines announcement is ridiculous.
The stock doubled? It's still down>30% in 3.5 months.
This crowing is like a team losing a basketball game 90-46, and then bragging the other team didn't double their score.
And, at this point the Dow has exceeded equilibrium, so it's still bargain hunters overvaluing the markets intending 5 or 10 year holds.
The Dow, overvalued, is still down 7% from this year's high.
Like I said, bargain hunters.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread