Conventional Wall Street wisdom is that bear markets, or 20% declines from 52-week highs, die on bad news, and Thursday featured some of the worst the U.S. economy has ever seen.for the week ended March 21, marking the worst week ever, by far. The second-worst number came during the 1982 recession, and the report released Thursday was more than quadrupled that total., which would define a bull market.
There wasn't much sense to be made of the move Thursday, but it did spark talk that the worst of the market damage from the coronavirus crisis could be over. For a bottom to start forming "we'll need to see investors using that term, that it's less bad," said Quincy Krosby, chief market strategist at Prudential Financial. "That's typically what you wait for to begin to invest in earnest instead of just trading."
"The indiscriminate selling that you saw in order to raise money has eased, and that also matters," she said.While the data is likely to continue to be bad for a couple of months, a pronounced recovery is expected to follow. Federal Reserve Chairman Jerome Powell told NBC's "TODAY" show Thursday
Of course it is hypedby the big players who were caught of guard, it creates a selling opportunity for them and then it is dump time for the retailers
The bad news is temporary. Everything will be fine in next short period of time. It’s 2020, illnesses can’t destroy civilization. Ps, only human can, be alerted.
CNBC hype and propaganda + corruption
Stocks are rising because must like me, are buying all kinds of good companies that are at bargain prices now , next year we will make a killing going long , this is the 2008 opportunity of my life time and I am going seize it this time.
There can't be a better example of crony capitalism than this.
We give them positive news regarding financial stimulus. Obviously they will rise. But this cant go till long. Especially, for the cases which are increasing day by day in USA, EUROPE AND INDIA
All the money is of no use if thousands of people die every day. Trump is the biggest loser the world has ever seen.
Because the markets already priced in the worst case scenario. 60-80% decline in earnings and a 30% -50 cut in dividends. Doubtful. Buyers realizing the end of the world probably won’t happen. Doesn’t mean we won’t revisit the bottom, but stocks are cheap.
trapping all the plebs, then the algos sell and leave them holding the half empty bag
It's a ill-omened prelude!
Volume is not that high... FED does whatever they want... no production or services... yeap...stocks up... makes sense. What they are doing is crossing the line and devalue everyrhing
GREED, GREED, GREED, FOMO, FOMO, FOMO!
Because the news isn't actually that bad. Theres a floor now.
Yeah, let’s pump up the bubble and let individual investors pay for it
Companies just got a huge haircut and an excuse to slash, are seeing huge cost cuts with folks working from home, & for the dent in revenue they got a Trillion free bucks. What's not to love!!?! 'Murica Dow35K
Terrible news? Only because of the FAKE media trying it's best to undermine the economy.
After the fact—Pumping your life’s work tax$ to prop up the market. As USA markets headed to test 2008 lows. The rippling damage has been done...Smart money is out & nibbling on the way down.
Uh no. U can't print confidence. Again these idiots can't even run a casino. And u have the idiot king who bankrupted 3! And whoever convinced anybody that tying the stock market to your economy was a good thing is your enemy. This 18th century idea needs to go.
The corrupt FED is manipulating everything while continually trying to act like Capitalists.
Because the fed and people are buying maybe
who's gonna miss the next bull market....that's why....?
Insert into FED_ACCOUNT $2Trillion ordered by US_Senate;
Headlines not impressed with your answers. Need it simpler way - Thanks
There could be another big fall once we start seeing more deaths. It takes 1-2 weeks for patients' conditions to deteriorate, and we are at the beginning. Lots of new cases, but low death rate. This will change obviously. All these lockdowns will likely help, if occurred early.
What’s to sucker retail investors into buying while institutions sell for $200 Alex?
The FED duh
Because people are to stupid to know what they really should invest in !
Fed is buying up the Equities! There is no freaking reason for the index to go up otherwise. Fed isn’t buying the bonds and oil and hence both of those are collapsing. A Clear indication of foul play and manipulation!
Terrible news? For some reason those investors absolutely love people being thrown out of work. No explanation is possible for that, none. It's all about their own stock value. Nothing more. Profit over people. You know a GOP meme like sacrificing grandma for the economy
Is the answer 'Because the stock market is totally manipulated?'
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