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Economy
Related: About this forumSTOCK MARKET WATCH - Tuesday, 5 May 2020
STOCK MARKET WATCH, Tuesday, 5 May 2020
Previous SMW:
SMW for 4 May 2020
AT THE CLOSING BELL ON: 4 May 2020
Dow Jones 23,749.76 +26.07 (0.11%)
S&P 500 2,842.74 +12.03 (0.42%)
Nasdaq 8,710.72 +105.77 (1.23%)
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Market Conditions During Trading Hours:
Google Finance
MarketWatch
Bloomberg
Stocktwits
Yahoo International
CNN Money Premarket
(click on links for latest updates)
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Currencies:
Gold & Silver:
Petroleum:
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DU Economics Group Contributor Megathreads:
Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.
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STOCK MARKET WATCH - Tuesday, 5 May 2020 (Original Post)
Tansy_Gold
May 2020
OP
progree
(10,864 posts)1. P/E ratio is now higher than it was at it's Feb. 19 all time high
Carson Block Says Stocks Will Sink, Valuations Make No Sense, Bloomberg, 5/4/20
https://finance.yahoo.com/news/carson-block-sees-plunge-stocks-100000799.html
After crashing into a bear market at its fastest pace on record, the S&P 500 Index has advanced about 27% from its March low. The U.S. equity gauge trades at about 20 times estimated earnings, more expensive than when the measure hit an all-time high in February.
Tansy_Gold
(17,817 posts)2. What did they think would happen?
They threw all that free fed money out to the corporations. A trillion or two dollars can boost the price of those stock buy-backs handsomely. No?