Markets sure do love a depression (buying, sell, financial, unemployment)

[redguard57]

The data is worse the more you look at it, epecially considering that March got revised worse: https://fivethirtyeight.com/features...e-you-read-it/

Have to admit, the financial media has been clever in loudly announcing that we're going to have 25-30% unemployment. That way, when it's 14.7%, it looks good, and the markets go up.

[mathjak107]

Originally Posted by redguard57

The data is worse the more you look at it, epecially considering that March got revised worse: https://fivethirtyeight.com/features...e-you-read-it/

Have to admit, the financial media has been clever in loudly announcing that we're going to have 25-30% unemployment. That way, when it's 14.7%, it looks good, and the markets go up.

The markets determine their own numbers via analysts not the media

[k374]

Look at TSLA, $820 as we speak... insane! Recession, Depression or whatever, TSLA stock is having it's best year ever! One would think that products like TSLA are the first to go in a time like this but apparently the investors think that people will be buying luxury electric cars costing upwards of $60-100K a piece in droves...

[Taggerung]

Lol there are no more 'markets.' There is only the Federal Reserve.

[heart84]

Originally Posted by redguard57

The data is worse the more you look at it, epecially considering that March got revised worse: https://fivethirtyeight.com/features...e-you-read-it/

Have to admit, the financial media has been clever in loudly announcing that we're going to have 25-30% unemployment. That way, when it's 14.7%, it looks good, and the markets go up.

This is the only chart you need to be watching to understand where markets are headed in the shorter-term:

https://www.federalreserve.gov/monet...centtrends.htm


Keep in mind the "financial media" were all saying to sell at DOW 19K because we were headed much lower, and then almost all of them were also crying "retest" the entire way from DOW 19-24K.

[redguard57]

Originally Posted by k374

Look at TSLA, $820 as we speak... insane! Recession, Depression or whatever, TSLA stock is having it's best year ever! One would think that products like TSLA are the first to go in a time like this but apparently the investors think that people will be buying luxury electric cars costing upwards of $60-100K a piece in droves...

Especially since Tesla said they may lay off people.

I think it's become pure gambling disconnected from the economy

What's been going on with Norwegian confirms that.

[mathjak107]

Originally Posted by Taggerung

Lol there are no more 'markets.' There is only the Federal Reserve.

It is all part of the equation....I don’t care if it is the planets in the solar system aligning , up is up and taking profits is taking profits

[bawac34618]

Given the current economic environment and the outlook, the DOW needs to be at about 6-7k before we can think about calling a bottom.

[mathjak107]

Originally Posted by bawac34618

Given the current economic environment and the outlook, the DOW needs to be at about 6-7k before we can think about calling a bottom.

Keep waiting ....it is likely the pier will collapse before that ship comes in

[MrRational]

Originally Posted by redguard57

I think (the equities market) has become pure gambling disconnected from the economy

It always has been such to a large degree (which is what the bull-$hitters cling to)
but that 'large degree' sure does feel heavier than ever (which is what the contrarian bears cling to)