Bubble ben is hilarious this morning. The one who created the last bubble sure has some hilarious thoughts about this crisis Comparing this crisis to a major snowstorm???? What the fuxk!!! Bernanke: Coronavirus disruptions are 'much closer to a major snowstorm' than the Great Depression PUBLISHED WED, MAR 25 2020 8:54 AM EDT UPDATED MOMENTS AGO FEDERAL RESERVE Former Fed Chairman Ben Bernanke sees ‘very sharp’ recession, followed by ‘fairly quick’ rebound PUBLISHED WED, MAR 25 20208:51 AM EDTUPDATED MOMENTS AGO Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy, predicting in a CNBC intervie that while the U.S. is in the midst of a sharp recession, it shouldn’t last. “It is possible there’s going to be a very sharp, short, I hope short, recession in the next quarter because everything is shutting down of course,” he said. Fed’s James Bullard says after a short-term ‘unparalleled’ shock, economy will boom again PUBLISHED WED, MAR 25 20208:16 AM EDTUPDATED 16 MIN AGO Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM KEY POINTS St. Louis Fed President James Bullard said the economy will take a big short-term hit but then snap back strongly. “Once the virus goes away and if we play our cards right and keep everything intact, then everyone will go back to work and everything will be fine,” he said JPMorgan’s market guru says shutdowns are working, virus may peak soon and stocks to rebound 40% PUBLISHED TUE, MAR 24 20202:28 PM EDTUPDATED TUE, MAR 24 20205:23 PM EDT The S&P 500 could be back to 2,800 soon and all-time highs by year-end, Fundstrat’s Tom Lee says
Everything is about rebounds and huge comebacks. Even bull tom Lee who never thought the s$p would ever drop into a bear market is calling for 2800. Hilarious headlines for today Haaaaa
A bear market is 20% drop from recent highs. A bull market is 20% rise from recent lows. This means should the Dow close above 21,855 we're back in a bull market. We're currently trading at 21,100 as of this writing.
I'm sure the gurus are including China's "stated" results/success against the virus. However there is a story about how 21 MILLION Chinese phone users have dropped off. Now we know how addicted people are to their phones... is it possible 21 million Chinese decided "I don't want a phone any more"? Or is it something else? The CCP has basically said, "we've got it licked".... but knowing how they support their agenda at any cost... could it be there are MILLIONS of more victims of the virus in China that they are lying about??
that's ridiculous. It is likely China is suppressing millions of phones to prevent the real numbers from getting out to the world however
Keep laughing. 21,778 as of now. We close just 75 points higher and we are in the textbook definition of a bull market. I know you're banking on that recession, but you can't have a recession when the minimum wage workers who lost their jobs are getting $1,000 per week unemployment checks for the next 4 months.