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The Velveteen Ocelot

(130,768 posts)

2. It's going to move up and down as long this pandemic lasts.

Reply to GusFring (Original post)

Thu Apr 2, 2020, 12:24 PM

Apr 2020

The market hates uncertainty. For now, more people laid off means fewer employees have to be paid, which is a slight and temporary benefit to the bottom line. I expect more downturns as the epidemic gets worse, and a big recovery when news of an effective vaccine is announced.

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Have you ever seen the stock market go up when news of unemployment rising breaks? [View all] GusFring Apr 2020 OP

I was wondering about that myself. Newest Reality Apr 2020 #1

It's going to move up and down as long this pandemic lasts. The Velveteen Ocelot Apr 2020 #2

The drop yesterday was probably edhopper Apr 2020 #3

Wall Street loves unemployment FiveGoodMen Apr 2020 #4

Yup rufus dog Apr 2020 #11

Yes, but it also means a lot less people without disposable income going BACK into the economy, smirkymonkey Apr 2020 #13

Corporations are only concerned with the Micro - their bottom line. OAITW r.2.0 Apr 2020 #22

Also they take it as a sign Takket Apr 2020 #14

Oil stocks are leading the charge today. tritsofme Apr 2020 #5

This is actually the correct answer. 3_Limes Apr 2020 #16

I also remember when rising fuel prices would wreck the markets. Midnight Writer Apr 2020 #38

Oh, yeah, Lindsay Apr 2020 #6

Gotta put all that money somewhere. kentuck Apr 2020 #7

That's the ticket, imo. n/t Laelth Apr 2020 #12

The Trend will be down ... there's no reason for DOW to go back to 29 any time soon uponit7771 Apr 2020 #8

It used to happen all the time Turbineguy Apr 2020 #9

Yeah, been muttering to myself how I don't get it. coti Apr 2020 #10

The stock market is a casino. earthside Apr 2020 #15

Exactly - the stock market is essentially legalized gambling. Quemado Apr 2020 #20

Of course, you'd think that 6.6 million people losing their jobs in a week would qualify as coti Apr 2020 #24

Good point ... go figure. earthside Apr 2020 #39

This is Wall Street living in denial. nevergiveup Apr 2020 #17

"The market" has known unemployment would be bad for weeks mathematic Apr 2020 #18

Yes ibegurpard Apr 2020 #19

It's Pretty Normal. jayfish Apr 2020 #27

I have seen this many times.... jimlup Apr 2020 #21

The market gurus already anticipated this...Dow is a leading indicator mostly n/t blitzen Apr 2020 #23

Only when the Fed injects copious amounts of "liquidity" UpInArms Apr 2020 #25

It generally has since the Reagan era. The market sees it as the corporation has less cash LiberalArkie Apr 2020 #26

Yeah, it really demonstrates well the absurdity of "trickle down" and how twisted things coti Apr 2020 #29

I remember back in the 80's out on a telephone job at a motel and in the area where I LiberalArkie Apr 2020 #34

Lots of factors impact market. But it could be they were expecting 10 Million new UE claims, but Hoyt Apr 2020 #28

Yes it often does, I've never understood it. captain queeg Apr 2020 #30

Look at the past month... elias7 Apr 2020 #31

Yes, many times over the years... Wounded Bear Apr 2020 #32

OIL... Saudis and US and pooty got together and are in the process of making a "deal". 2naSalit Apr 2020 #33

It's Only Up 0.88% ProfessorGAC Apr 2020 #35

Yes, more often than not. n/t trackfan Apr 2020 #36

computerized algorithims Crazyleftie Apr 2020 #37