Its been nothing but those names holding up the markets. Amazon simply needs to be up 2-3% a day to out the nasdaq green ...just that one stock moves the entire nasdaq. With a little help from MSFT, GOOG, and AAPL. Just move those up and everything follows.
every Thursday i think...this unempl. # release will be the straw that breaks the camels back...and every Thursday stock go higher. its so silly. 26 million unemployed is a market rallying point...lmfao.
The dow will probably be at 100,000 when unemployment is back under 4% If it can rally on a double digit unemployment rate and is only 15% or so from historical highs then when unemployment rates drop week over week and month over month once the economy opens up again then that should be a solid 3-5% rally every week into the end of 2020
The market is running on the premise, "Fed stimulus conquers everything". That is, stimulus will hold the market up until the economy/employment recovers and "catches up". Will it? (Personally, I think that a bad bet...)
Yup, so far. Big crisis when the world concludes, "money printing is BS in the long run*, even for America". Don't know when that will be. * Has historically happened many times in the past in other countries.... and even in the US. Recall, the "Continental"? Government greed... always behind it.
Companys paying less people = > profits, simples!!! Obviously they'll have to reapply for there jobs and take a pay cut, but they've used it as a way to shed the dead wood.