Bull Market officially over!! Year heading negative.

[Rasulis]

this continues to baffle me.....



https://www.cnbc.com/quotes/?symbol=BA&qsearchterm=b


Boeing Co (BA:NYSE)


229.00 +23.57 (+11.47%)

5 days ago 152...…




and its not just them....huge moves in a lot of big names that are so obviously going to suffer long term from the shutdown.

scares the shit out of me this market is in 2000 territory of buying.

It is still well below 2020 high and way below record high. The further they dropped, the higher they bounced. Another drop generally follows a bounce. Especially when the company is still and will be bleeding red ink into the foreseeable future.

[Edge-]

this continues to baffle me.....

I haven't been as on-top of financial news since lockdown, but is it just me or is the stock market kinda being propped up by investors hoping to make a self-fulfilling prophecy?

Because like...yeah markets go down at bad news as expected, but at the slightest hint of good news they skyrocket back up. Then we see some odd moves like the Boeing one you mentioned on top of that.

I'm not gonna go out there an argue there's some massive conspiracy or something (but hey, who knows!), but it definitely seems like investors who have staked a whole lot in the stock market remaining as strong as possible are eschewing much of the "common wisdom" of ye-olden-days in order to keep their prices at these inflated levels.

[Thepersona]

I haven't been as on-top of financial news since lockdown, but is it just me or is the stock market kinda being propped up by investors hoping to make a self-fulfilling prophecy?

Because like...yeah markets go down at bad news as expected, but at the slightest hint of good news they skyrocket back up. Then we see some odd moves like the Boeing one you mentioned on top of that.

I'm not gonna go out there an argue there's some massive conspiracy or something (but hey, who knows!), but it definitely seems like investors who have staked a whole lot in the stock market remaining as strong as possible are eschewing much of the "common wisdom" of ye-olden-days in order to keep their prices at these inflated levels.

What, Greed trumps common sense with these assholes? Who'd have thought?

[Edge-]

What, Greed trumps common sense with these assholes? Who'd have thought?

I just keep waiting for the bottom to fall out, because it's gonna happen at some point, and I can't help but feel that these months and months of investors propping up the market is going to make it far worse than it otherwise would have been.

And we'll all suffer, because they were too terrified of their portfolio's value and them losing out on that partner position in their hedge fund.

[Thepersona]

I just keep waiting for the bottom to fall out, because it's gonna happen at some point, and I can't help but feel that these months and months of investors propping up the market is going to make it far worse than it otherwise would have been.

And we'll all suffer, because they were too terrified of their portfolio's value and them losing out on that partner position in their hedge fund.

Fuck them. If it where for me, i would apply a much... More draconian measure to these greedy assholes.

[Rasulis]

What, Greed trumps common sense with these assholes? Who'd have thought?

So Apple has a PE (Price to Earning) ratio of 26. High but nowhere near as high as its peak of 39 in 2007. Boeing revenue on the other hand is so bad, it has a PE ratio of 604.21. If it kept going up, it may hit 1,000. I am pretty sure at that point people will start stepping on the break and thinking "Whoaaa!"

[Zan15]

1999 dot com all over again...just no logic....


https://www.marketwatch.com/story/ch...?mod=home-page


Chesapeake Energy’s stock nearly triples after 22 trading halts

Shares have run up almost fivefold in two days as a surprisingly strong jobs report, OPEC agreement fuel hopes for continued oil price gains

5 Day
+437.43%


closed 69...hit 53...now 62.... only been an hour...7 minutes later 53..... day traders dream this stock....7 more minutes 66...now 60....

[Edge-]

https://uk.reuters.com/article/uk-us...-idUKKBN23F2NZ

Wait...we're in a recession...and the stock market hit a new high?

Can we agree that this whole situation is a fucked up, rigged game already?

[Zan15]

https://uk.reuters.com/article/uk-us...-idUKKBN23F2NZ

Wait...we're in a recession...and the stock market hit a new high?

Can we agree that this whole situation is a fucked up, rigged game already?

On the same day that the Nasdaq marked a new bull market, the U.S. economy was officially declared to be in a recession.


how on earth is it a bull market if its not 20% higher than the highs already achieved?

I did not think a bull market was from lows?

[Edge-]

I'm just hearing Kai Ryssdal repeat over and over, "The stock market is not the economy. The economy is not the stock market."

[Rasulis]

1999 dot com all over again...just no logic....


https://www.marketwatch.com/story/ch...?mod=home-page


Chesapeake Energy’s stock nearly triples after 22 trading halts

Shares have run up almost fivefold in two days as a surprisingly strong jobs report, OPEC agreement fuel hopes for continued oil price gains

5 Day
+437.43%


closed 69...hit 53...now 62.... only been an hour...7 minutes later 53..... day traders dream this stock....7 more minutes 66...now 60....

That is the height of dumbness. Do those investors realize that they are investing in a company which in the last 14 years spent more time losing money than making money?

[Low Hanging Fruit]

For me it feels like a very hollow bull. People are throwing money in but I don't see how any of these businesses that aren't largely digital are going to be able to have any meaningful returns once the government milk machine slows and eventually stops. People are in saving money mode. Just seems... hallow.

[Thepersona]

For me it feels like a very hollow bull. People are throwing money in but I don't see how any of these businesses that aren't largely digital are going to be able to have any meaningful returns once the government milk machine slows and eventually stops. People are in saving money mode. Just seems... hallow.

This shit will crash in a few weeks/few months

[Zan15]

That is the height of dumbness. Do those investors realize that they are investing in a company which in the last 14 years spent more time losing money than making money?

crashed 53.00 -16.92 (-24.2%)


holy shit I cant even keep up while I type

50.05 -19.87 (-28.42%)

been what 3 minutes?

45.02 -24.9 (-35.61%)

hour later

39.00 -30.92 (-44.22%)

[Elegiac]

https://uk.reuters.com/article/uk-us...-idUKKBN23F2NZ

Wait...we're in a recession...and the stock market hit a new high?

Can we agree that this whole situation is a fucked up, rigged game already?

Oh, it gets better.

The US entered recession in February - i.e. before COVID hit.

This is entirely on Trump, according to conservative economic logic.

[cubby]

Oh, it gets better.

The US entered recession in February - i.e. before COVID hit.

This is entirely on Trump, according to conservative economic logic.

Holy shit. What are the conservatives going to argue against that (those that don't attempt to entirely deny reality, that is)? Did Obama have any recessive trends during his tenure, once he was fully in command, so to speak.

And I'm reading this correctly - recession entered in February, BEFORE covid started up? Can that be right?

[Breccia]

And I'm reading this correctly - recession entered in February, BEFORE covid started up?

The market crashed on Feb 21. The US issued travel advisories the following days, but the US had barely received any deaths.

But no, not before. The rest of the world was in trouble and US business experts said 'well shit, that's going to hurt our bottom line". Remember, Trump didn't take this seriously until the stock market started dropping.

We might find the same thing is happening here -- we're hearing good news from the rest of the world. I still agree that the stock market is inflated and begging for a second crash, but there is some reason to believe it's at least partly called for.

[Elegiac]

Holy shit. What are the conservatives going to argue against that (those that don't attempt to entirely deny reality, that is)? Did Obama have any recessive trends during his tenure, once he was fully in command, so to speak.

And I'm reading this correctly - recession entered in February, BEFORE covid started up? Can that be right?

It's Official: The US entered a recession in February

The U.S. is officially in a recession, bringing an end to a historic 128 months of economic growth, after the coronavirus pandemic swept the country and shut down the economy.

For more than a decade, the American economy seemed to contradict the adage, “What goes up, must come down.” That ended in February, according to the National Bureau of Economic Research, the agency that identifies periods of economic growth and contraction.

Graven in stone.

This is the #TrumpRecession

[Masark]

I haven't been as on-top of financial news since lockdown, but is it just me or is the stock market kinda being propped up by investors hoping to make a self-fulfilling prophecy?

The stock market is rich people trading baseball cards.

Valuations are divorced from economic reality because the owners are themselves divorced from economic reality.

[Deja Thoris]

Shares have run up almost fivefold in two days as a surprisingly strong jobs report, .

https://www.theguardian.com/business...ing-at-shadows

Look at the graphs here for the jobs report. It's a case of presenting the statistics to tell the story you want it to. Sure, the news was "positive" but that overall picture is appalling, thats nothing to celebrate.