Stock market news live updates: Stocks rise as states mull reopening plans

[Steelrolled]

Source: Yahoo

Stocks rose Tuesday as investors considered signs that states were beginning to plan for reopening parts of the economy, and braced for a choppy earnings season, as the coronavirus pandemic swept the country at the end of the first quarter.

The Nasdaq ended higher by nearly 4%, as Amazon (AMZN) shares jumped to a record high.

Federal and state officials have shifted their rhetoric around the coronavirus from solely discussing containment and distancing efforts to beginning to think about reopening portions of the country.

Read more: https://finance.yahoo.com/news/stock-market-news-live-updates-april-14-2020-221136911.html

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S&P 500 up 27% from the bottom. About 16% from the previous high. Wild times.

[Faux pas]

1. Pure

Bullshit, on a stick, in all our faces

[IronLionZion]

2. And then lower again when the second wave hits

[Sacramento999]

3. Things will never go back to normal you can count on that

[Steelrolled]

4. Never is a long time.

People said things like that in 2009-2010. It took about four years until new record highs were reached.

[Botany]

5. And then "they" will open it back up too early and we will get another spike of C-19 cases, ....

Last edited Tue Apr 14, 2020, 06:27 PM - Edit history (1)

.... deaths, and then the economy will tank even more. This "thing" will not be behind us until we
get a viable vaccine and in a sufficient supplies too.

BTW the third world nations' death toll could be staggering. And even here the # of deaths might will
be huge. If anybody thinks that the deaths will stop @ 60,000 they are fooling themselves.

[bucolic_frolic]

6. All time highs and debt bubble were about to burst without COVID-19

See banks today? Will be the same for earnings for many companies. No way to estimate, measure going forward. Markets don't thrive on uncertainty. They go up with $70B a week given to hedge funds to play the market. Fed is preventing collapse. It's built on debt, but then it's always been that way.

[at140]

7. So why was market down yesterday?

Did the people just wake up this morning and learned for the first time about opening the economy?
What changed between Monday 4:30 pm and Tuesday morning 9:30 am?

[bucolic_frolic]

8. Right?

My evening are spent watching 4 or 5 gurus on YouTube. They're just walking it along day by day too. I'm out of almost everything, with light and inadequate hedges remaining. Gurus looking for some sign of reversal and one is none too comfy with the pending 50sma.

I'm kind of thinking that another wave of fatalities won't be good for the economy either, but I doubt the King would believe it.

[at140]

11. The king has psychological problems

That is obvious to even a non-doctor person like me.
He has compulsive need to boast.
He can not handle ANY criticism, constructive or not.

Only thing I feel good about is all states instituted shutdowns.
Which is why total fatalities will remain under 60,000.
Since 2.2 million Americans die each year from other causes.
so less than 60,000 added (which amounts to less than 3%) to 2.2 million probably will not affect operation of economy much.

[Steelrolled]

9. Fear and greed have great power, and can turn on a dime.

[yaesu]

10. The banksters got their loot, they know its a big win win for them. nt