Historical job report with unimaginable job losses will mean ABSOLUTELY NOTHING to wallstreet!!!

Discussion in 'Economics' started by S2007S, May 7, 2020.

  1. S2007S

    S2007S

    Yes absolutely nothing to wallstreet, but for the now 33,000,000 unemployed absolutely everything...... Tomorrows unemployment numbers will be something the world has never witnessed and something that wallstreet will care less about meaning the number is so historical and out of touch with reality that wallstreet will actually ignore the numbers. Wallstreet will look at it as how can it get any worse and on that idea alone will send equitiee up 2-3%, yes UP not down.


    https://local12.com/news/nation-world/april-jobs-data-to-show-epic-losses-and-soaring-unemployment


    https://www.nytimes.com/2020/05/06/business/economy/coronavirus-unemployment-jobs-report.html
     
  2. It's a sick world we live in today.

    More unemployed = expectation for more (print money) stimulus. YEA STIMULUS!!

    :(
     
  3. maxinger

    maxinger

    nothing abnormal actually.
    It is quite common to see market that is immune to major economic data release.

    market has already factored in all the good / bad news.
     
    Nobert likes this.
  4. Nobert

    Nobert

    Yup, week ago.

    And some still sits empty handed, thinking about what da hell just happened.
     
  5. ironchef

    ironchef

    The pro boys stopped shaking the trees?
     
  6. Nobert

    Nobert

    Damn, missed a single latter of ,, s '', should have been - weeks ago.

    Pro-boyz
    ... :D
    https://www.imdb.com/title/tt2268016/
     
  7. KISS

    KISS

    they are not 'structural' permanent job losses.
     
  8. maxinger

    maxinger

    Bear flag is morphing into Bull Channel.
     
  9. Overnight

    Overnight

    Didn't that happen a month ago?
     
  10. maxinger

    maxinger

    it seems more like it morphed few days ago.
     
    #10     May 10, 2020