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Turbineguy

(40,108 posts)

9. It used to happen all the time

Reply to GusFring (Original post)

Thu Apr 2, 2020, 12:33 PM

Apr 2020

when CEO's thought that firing their customers was good management and the stock market rewarded them for it.

This was already priced into the stock markets.

What made the number so high is that gig workers can collect unemployment. That's new.

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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