Talking stocks, trading, and investing in general

[PhilKenSebben]

Market is booming today on news of people not being able to pay rent, eat, or stay out past 8pm due to curfews.

You gotta remember, poor people aren't "real" in the mind of the market. If bankers were losing their jobs, this would be a different story

 

[Texasmade]

Or the largest one month job gains ever.


but thats easy after the worst jobs loss ever.

Of course, Trump is patting himself on the back for this.

 

[imatlas]

Of course, Trump is patting jerking himself on the back off for this.

 

[UnFacconable]

Or the largest one month job gains ever.


but thats easy after the worst jobs loss ever.

Apparently that wasn't priced in.

It's interesting how optimistic the market has been. It pops on good news and "prices in" the eventual reversal of bad news. If a job gain like this wasn't priced in, why did the market rebound in April and May?

 

[RedLantern]

Market no make sense - river only flow one way.

 

[venividivicibj]

Market no make sense - river only flow one way.

Chinese proverb?

 

[ericgereghty]

I've still got my Cheshire grin over my SPY purchase and 50% of the profits sold off and into a nice, tame bond fund. Not gonna lie, easily the single biggest buy of my life and my nuts felt down around my ankles when that limit order was filled.

Good on you. I'm still further in the red than I've ever list publicly, but I'm still doing pretty darn well, in the grand scheme of things...riding the long term wave at this point.

 

[Guccinski L.V.]

I don't understand this: 2,5 million jobs added in May but 18million jobs are lost. What is here to celebrate? Is it 15,5 million jobs lost in May that we cheering on?
I know little about intricacies of market but it appears to me that we are watching mass delusion or psychos brought on by incredible World Wide economic shut down and continuing pandemic exacerbated by riots. I thought US will be under Martial law due to first two factors but I never saw BLM coming out again (albeit one could have predicted that already desperate and exhausted by locked down population would only need a small spark to turn to the streets).
My amateur conclusion: Since market makers and traders have never lived through anything like this they don't know how to react and what we seeing right now happening with NYSE is a sign of clinical psychosis. I predict WS traders would start jumping out of windows before the year is over. Real market crash that is coming will be horrible.

 

[beargonefishing]

I don't understand this: 2,5 million jobs added in May but 18million jobs are lost. What is here to celebrate? Is it 15,5 million jobs lost in May that we cheering on?
I know little about intricacies of market but it appears to me that we are watching mass delusion or psychos brought on by incredible World Wide economic shut down and continuing pandemic exacerbated by riots. I thought US will be under Martial law due to first two factors but I never saw BLM coming out again (albeit one could have predicted that already desperate and exhausted by locked down population would only need a small spark to turn to the streets).
My amateur conclusion: Since market makers and traders have never lived through anything like this they don't know how to react and what we seeing right now happening with NYSE is a sign of clinical psychosis. I predict WS traders would start jumping out of windows before the year is over. Real market crash that is coming will be horrible.

Numbers were juiced.

 

[Piobaire]

If the market stays absolutely flat the rest of the year, and we keep up with our scheduled savings, we'll crack another round number barrier.

♪ ♫♫ FIRE ♪♪ here we come! ♫♫♪

 

[jcman311]

I’m no expert (duh) but isnt the market responding to the fact that all the small timers and mom and pops that they had to compete with are now gone and out of the way? Now sales are back and competition is out of the way.

 

[Piobaire]

I suspect part of this is Fauci stating it looks like we'll have a viable vaccine before year end and that production is ready for 100s of millions of doses. If that should fall through I'd expect an immediate correction of at least 10%.

 

[Guccinski L.V.]

Regarding unemployment in US:
Again this is my dumb calculus: in February 2019 official US gov. unemployment was at 3.7% which accounted for 5,8 million out of work Americans.
Since February total job losses amount to roughly 40 million people not counting 8 million emergency pandemic assistance applications filed by unemployed individuals. So if we take February 5.8 million as a base subtract 2.5million gained in May and add 40 million lost over past 10 weeks we will get approximate current number of out of work Americans = 43.3 millions. Take (43.3 mill / 5.8 mill) x 3.7% = 27.6% current unemployment rate in US (give or take).

 

[patrickBOOTH]

I am currently looking at my highest balances ever. Damn, cool, but wtf. Whatevz.

 

[jbarwick]

Summing initial jobless claims then trying to derive an unemployment rate is inaccurate. I think you need to look at continuing jobless claims.

As for a vaccine, it has to be manufactured and in this case the whole world wants a dose. I'd think it would take a long period of time to dose everyone...something like 6 months - 1 year minimum. People who wanted the Shingles vaccine had to wait like 6 months because they couldn't make enough but that wasn't a pandemic but people seem to miss that. It is not a snap of the fingures.