What the actual fuck?

[PCIntern]

Last edited Fri Jun 12, 2020, 04:22 PM - Edit history (1)

The headline on CNBC online is the “Dow recovers after the worst sell off since March”. The Dow is up less than 200 points after an 1800 point selloff. how does that qualify as a recovery? Yes, if it came back 1550 points I’d say sure.

[soothsayer]

1. Sounds like it got strong armed by drumpf

Ha

[SWBTATTReg]

2. Yeah, I know. I saw. What a joke. It was up over 400+ points earlier today...

Personally I think the markets are being manipulated by short sellers and options holders etc., all trying to make a buck during these turbulent times, for I sure that they all took a beating when rump's stock market numbers finally crashed, as many were predicting. I still think the market is very iffy, and on shaky ground/support).

[jimfields33]

3. Probably should have said stock market stopped the drop or something

But it is true recover can be correct. When your sick, you say I’m recovering. It doesn’t mean your perfectly healthy but getting there.

[RandiFan1290]

5. *you're

[jimfields33]

14. Thanks!!!!

[SoonerPride]

4. The DOW is 10,000 points too high IMO

[empedocles]

10. The enthusiastic sheep got set up with the 10,000 rally, sheared with the pile on 1800pt drop.

Sheep will likely get further sheared with big up and down moves, since this may be the start of a big 2nd leg down.

[ProfessorGAC]

16. I'm Sorry But It's Not

Econometricians linking market pricing to underlying equity value call +/-5% of the calculated number market equilibrium.

It's now 3% above true equilibrium. There are financial data to support a number of 25,200.

When Obama left office the major indices were around 7% below equilibrium, but the markets still went up by 11.7% per year for 7 years.

The last 3.5 years the 7% was made up and 3% more. When it was at nearly 30,000 it was massively overvalued. It's not now.

A curve started in 1990 to 2010 could have, if linear growth and no Bush Recession of COVID would have extrapolated to 24,700.

10,000 points below where it is now has no statistical foundation.

[gratuitous]

6. That pig isn't going to be putting on the lipstick by itself

Remember those terrific jobs number (that weren't so terrific) that Bunkerbaby was crowing about last week? Here's what that "recovery" looks like with a little bit of context:



That itty-bitty (and exaggerated) fish hook down there? Okay, so maybe not every last job lost during the Trump recession has quite been recovered.

[leftieNanner]

9. WOW!

That's quite a "curve".

And the recovery won't likely be as easy as the one in 2007.

[gratuitous]

13. And the 2007 recovery took about a full year from its nadir

Trump ain't got that kind of time before election day.

[gab13by13]

7. The market is up because Powell is going to pump another trillion dollars into it.

[TreasonousBastard]

8. Who gives an actual fuck? Nowadays it's all program trading, options, futures and...

other shit irrelevant to the companies involved. Even less relevant to us in the real world.

And 0% interest rates leave a lot of money looking for a parking spot.

[unblock]

11. Well it's now down at the moment. It had been up 800

Their headline will catch up, sometimes they can be hours behind during the day

[Roland99]

12. After the open, it approached 26,000 which is an appreciable rise. It's only +68 last I just checked

and S&P 500 just went red

[gibraltar72]

15. Krudlow said there was no second spike

which is true. We are still in the first.

[I_UndergroundPanther]

17. The Dow is cut off from economic realities.

It's puffed up with bullshit and questionable shady finances and stock buybacks.