Making sense of a stock market just 16% off its high while a pandemic costs 26 million jobs

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Wall Street has already given the economy credit for recovering from an ordeal whose pain and duration are not yet known.

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Fed is manipulating!

$2 Trillion in Fed funny money to bailout investors

next week will be manipulated further before the real heavy crash comes

One word: algo

A rising stock market is an indicator of monetary inflation NOT economic growth. The stock market is frequently considered a”leading indicator”of future economic developments A rising stock market signals expected/improving economy while declining signals heading for the worse

There is no sense. Nasdaq less than 20pct away from all time high and some of the most egregious valuations in history. It is all permabullshit

U folks are delusional or right out misrepresenting this.. rally? get back?trough..!? Wth are you talking about? We have eliminated all jobs created since 2008, in 2 months! debt is growing at a trillion a month.. with no relief in sight and who will pay for that On and on!

Joe Biden, 2018: 'For a woman to come forward in the glaring lights of focus, nationally, you've got to start off with the presumption that at least the essence of what she's talking about is real,”

Overvaluation is simple to understand.

Time for the 2nd plunge!

How do we explain Metallica’s popularity after the black album?

Greedy , that is the reason, off a high bull market, reset position turn into a short squeeze and covering with mass of Fear of Missing Out rally... which did not reflecting the actual economy and value. It is basically a Casino AT THE MOMENT.

Better stop Bill Gates, he is now unlisted, making friends with China, trying 2 excuse WHO both covering up 4 the virus vital infos., yes he has a tone of money & can buy everything he wants, but must be stoped .The issues with China & WHO regards every country & every one 🤥👎

The stock market is a forward looking, not reverse looking.

Maybe because this isn’t a normal recession created bc of normal economic reasons .. ooops ur a journalist— so you know nothing— pardon me.

The market is always a forward indicator.

Three trillion dollars in stimulus that will all trickle up to the most wealthy. It's not a true economy, it's a gop money grab. GOPHypocrisy TrumpIsALaughingStock

Pricing in a recovery combined with unprecedented stimulus.

The stock market is not the economy! The market believes all the money injected around the world will keep us buoyant. 1st quarter results will be okay. Next quarter results will be worse. Then maybe we will start a recovery.If there's a second wave of infections, forget about it

Job loss temporary.

Because it will flatline suddenly. Dow will drop 90 %

Calm down Nervous Nellie. The unemployment numbers are temporary and artificial.

I sold almost everything. Theres a reckoning coming.

So the $1.5 Trillion dollars Republican tax cut was just a waste of money. Got it thanks - the National Debt. wsj ap cnn foxandfriends FoxNews abc CBSNews NBCNews washingtonpost nytimes latimes npr gop dnc WhenWeAllVote msnbc RockTheVote

So now that we've established that the stock market is not the economy and that the stock market is not about earnings...what is it exactly? NorthmanTrader

Here's my take.. The ultra rich are untouched by the pandemic . They are buying stocks. Lots of buying... Very cheap now. When this is over they will be even richer. CNN CBS

Rigged

Maybe, just maybe the market knows something that nobody else does... That this covid-19 outbreak may fall off the face of the Earth sooner than anyone realizes. Maybe

They this stupid panic will be over very soon. That despite the liberal media trying to keep it going. That includes you NBC!

People who can’t go to work = zero tax base = no state money 4 people who are poorer & use hopitals 4 normal procedures aside from COVID-19 = no more hospitals, doctors & nurses = no COVID-19 treatment either. - Economy shut down is worse & - Democrat governors don’t get this

It’s just wealthy investors chasing momentum stocks. It has nothing to do with economic reality.

It’s almost as if the fucking stock market ISN’T the economy.

What part of it is hard to make sense of? The people at the top have policy written based off their opinions and the people at the bottom have their concerns ignored and are disenfranchised.

4+trillion into the pockets of big business to bouoy the market to produce the appearance of stability.

There’s nothing to make sense of

Record low interest rates. Massive fed stimulus.

Never had a government imposed shutdown before. Does a company forced to pause become less valuable? Why? By how much?

Market has priced in all the best recovery scenario. Let’s see what happens next week.

Right now the people of Georgia & Texas have the fate of the country in their hands. If they are able to open successfully without a meaningful spike in cases, we'll see a 40K Dow sooner than later. If they are forced to lockdown again- Doom & Depression

Propped up by the Fed, making the next generation pay the price.

Bsnksters don't need middle class taxes, MMT proves they can print all the money THEY need

I have nothing of value to contribute to this except for EATTHERICH

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