Stock Market and the new C19 steriod

[Smackdown2019]

So the stock market sees that a steroid is the cure for C19... which does HELP, but is FAR from the cure. Most people are reading it as a cure. FACT is that it only lowers a chance of dying. Does not prevent the spread, nor make you immune to it. It also does NOT guarentee the you will not die. So why is the market believing it a cure?

[SoonerPride]

1. The stock market rallies on hunches, rumors, innuendo, modestly good sales data

And ignores catastrophic unemployment numbers and never ending death.

It is a rigged game propped up by free Fed money to make sure the rich get richer and you and me stay poor.

That's the way it is.

[Strelnikov_]

7. Hear Hear n/t

[lunatica]

9. Exactly

The Stock Market is about money and how to make it. You buy stock that will be popular in the market due to trends and incidences in real life.

My favorite example is that when we go to war the market will rally and go way up around weapons of all kinds. So a good day for the market does NOT mean it’s a good day for anyone else. Brokers make millions on the very things that devastate countries and people.

If you’re a successful stock broker chances are you’re an asshole who hopes to make a killing on the misery and death of others.

Why the hell anyone thinks the market is tied to good things happening is a real mystery to me.

[BSdetect]

16. And rumors spread by Cramer on CNN - as he admitted to John Stewart (re Apple)

[Walleye]

2. Fed announced they were buying up bonds

[Smackdown2019]

3. Whose money?

Where is the money coming from for buying up the bonds? Another stimulus package? Thought Congress holds the purse!

[Walleye]

4. Good question. Maybe they just print more

[eleny]

5. Borrowed Chinese money?

Or are the Saudis buying our debt these days.

[ProfessorGAC]

10. Where's China Getting The $

Our shutdown reduced consumption here.
They're highly dependent on US consumers.
In addition, the US holds 70% as much China's national debt as they hold of ours. And, their GDP is 43% of our GDP.
The "Chinese Debt" thing is greatly overblown.

[uponit7771]

21. +1

[Hoyt]

6. I think the Market is smarter than that. First, the drug is clearly a hopeful sign.

Second, the Market was happy to see retail sales doing better than expected.

Third, the market will drop with bad news, that will surely come.

[lagomorph777]

8. Fourth, after Trump dumped his hydroxy stocks he started buying up methylprednisolone

[ProfessorGAC]

11. With What Money?

He's not super rich, and his liquidity is dreadfully low.
Super rich people with strong liquidity do not steal from their own charity.

[lagomorph777]

12. Well, he stole the PPE using Government agents and funds, then sold it for profit..

and bought hydroxy stock, which he then dumped for methylpred...

It's complicated; I should draw a flowchart.

[ProfessorGAC]

13. LOL!

Good one!!!
I'm just hammering on the myth that he's super loaded.
Couldn't help myself!

[madinmaryland]

19. Uhm. He is super loaded! ... on adderall and coke!

[ProfessorGAC]

22. You Got Me!

I stand corrected!

[uponit7771]

20. Yr over Yr retail sales are horrid great depression like, they went up 10% more than expected from

... apocalyptic isn't good.

The drug isn't a clear sign, its was made to reduce inflammation in the lungs and the head line was more manipulation seeing its like the 6th "well timed" headline in the last month

It doesn't work on but the 1/3 of the people on ventilators and that's not double blinded yet although it had a crap ton of people involved in the study.

We've been here before with Powell and his text book Lenin leaning socialism, the USCB purchasing individual corporate bonds is no doubt text book socialism and I'm sure Powell et al have a list of companies they want to win.

[Hoyt]

23. 33% is better than no percent, I always say. Do you think it is the only drug that will help. Every

day clinicians are learning new ways to treat CV-19.

[uponit7771]

24. Point being its not new, this was a known known about the drug. The head line is the equivalent

... of Bayor coming out and saying "Aspirin Reduces Fever" the bigger news was the CCDC and USCDC were correct in it doesn't work to reduce inflammation but does work to reduce over drive in immune system which has to be studied for a negative effect also.

That's why double blinds have to be administered for these things and not just we got 10,000 people to do this kinda studies.

I think it was the Atlantic that came out with the story about these "studies by headline" that doesn't give double blind data like Fauci Remdisiver.

These "Studies By Headline" consummately come out when bad CV19 news breaks like it did about China closing schools in Beijing cause 80 cases were found in a city of 21 million.

The retail sales were online and not walk in retail sales boosted by folk getting 600 dollar a week that has been near full funded now.

After August when peoples money wears out we'll see what those online retail sales look like.

Pelosi is truly the most powerful women in the world.

[Hoyt]

25. I've about decided that most people aren't as stupid as we at DU think, excepting trumpsters.

I read the announcement this morning and said, "good another tool and a little bit of hope." Treatment is getting better. I think most people see it that way too.

Heck, even if the find a cure tomorrow, trump is still going to be viewed a failure come November. Now, some folks will be fine with that as long as he remains a racist, etc.

[uponit7771]

26. True, most aren't, BOA came out with 80% FMs saying market is overvalued. The highest its ever ...

... been among fund managers, not just Joe Blow trader.

The problem is people know its overvalude but J Powell wont let it drop claiming out right they're buying individual corporate bonds right before a leak past 10% ... really ?!

That's were this "news" get well timed except on big drop days were there's nothing to turn it around.

Again, this is the 6th or 7th time in a month that "big news" like drugs that aren't double blind come out and there are huge leg up in all indexes at the same time.

FMs aren't doing it, right now empirically there's the biggest set asside in cash in history.

No one in there right minds are getting in heavy with this market so who's propping it but the feds?

[Hoyt]

27. Honestly, I'm glad the government pulled out all the stops on dealing with CV-19, and Dems made it

even better. I'm sure there were some excesses, but better excesses than deficiencies in response.

[Steelrolled]

14. I never believe reporting on why the market is moving up or down

The reporters are not traders or analysts. They don't look at boring earnings reports, and guidance statements provided by corporations. Instead they look for exiting news like politics and "expert" opinions on vaccines. And there are layers of these reporters and pundits who feed off of each other. Garbage in, garbage out.

[Calculating]

15. The market is up because of the fed

Plain and simple

[uponit7771]

18. +1, J Powell literally said they're buying bonds to keep the markets propped during remote hearing.

That's text book Lenin leaning socialism

[uponit7771]

17. MORE MANIPULATION !! That drug was MADE TO reduce inflammation in the lungs! The headline is the

... equivalent of someone printing "BREAKING: Aspirin Reduces Fevers In Babies".

This is more anecdotal non double blind coming out of a hospital, I'll wait.

They're trying what they should've tried 4 months ago but the CDC was claiming no anti-inflammatory were working in China but the benefit here is to get the immune system not to over flare and attack the lungs so its not being used as anti inflamatory per se.

It didn't work significantly on patients that weren't the sickest and needs to be double blinded.

They are now trying to cover up J Powell saying he's going to by ... INDIVIDUAL CORPORATE BONDs ... what the hell ?!

That's text book Lenin leaning socialism where the government controls and owns companies.

They're trying to prop the "markets" as much as possible and Powell literally said such today