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The Nasdaq hit a record high close on Monday, confirming a bull market began on March 23, and the Dow and S&P 500 jumped as expectations for a swift recovery from a coronavirus-driven downturn increased.
The Nasdaq is the first of the Wall Street's three main indexes to bounce back from the market crash caused by the pandemic.
A closely watched monthly jobs report on Friday showed an unexpected fall in unemployment rate, bolstering views that the worst of the economic damage from the virus outbreak was over.
"It's optimism surrounding the reopening of the global economy, and the likely confirmation that the U.S. economy will experience a V-shaped recovery in the second half," said Sam Stovall, chief investment strategist at CFRA Research in New York.
Stocks added to gains late in the session after the U.S. Federal Reserve eased the terms of its "Main Street" lending program.
The energy sector climbed the most among the 11 major S&P sectors as major oil producers agreed over the weekend to extend a deal on record output cuts.
So in spite of a faux "impeachment", a global pandemic, a bogus "lockdown" and rioting and looting savages (not protesters) in many of our major cities destroying neighborhoods and businesses....the NASDAQ hits a record high. The DOW closed at 27,572, ~2000 points off it's peak. Gotta be rough being a Democrat these days-in spite of their best efforts, the Trump economy keeps chugging along. Question-how long before the DOW hits 30K?
So in spite of a faux "impeachment", a global pandemic, a bogus "lockdown" and rioting and looting savages (not protesters) in many of our major cities destroying neighborhoods and businesses....the NASDAQ hits a record high. The DOW closed at 27,572, ~2000 points off it's peak. Gotta be rough being a Democrat these days-in spite of their best efforts, the Trump economy keeps chugging along. Question-how long before the DOW hits 30K?
And of course the Media ignores it also and anything positive.
And of course the Media ignores it also and anything positive.
Are you surprised? Fewest Chinavirus deaths since March yesterday and not a word. Of course, now that health "experts" are encouraging people to go out and riot, we know the "lockdown" was bogus.
It's hilarious the Trumpies rant about all the liberal-inspired virus restrictions, but when those very same restrictions start to result in fewer deaths, they give Trump credit!
It's hilarious the Trumpies rant about all the liberal-inspired virus restrictions, but when those very same restrictions start to result in fewer deaths, they give Trump credit!
LOL, just what are you smoking? Stop Bogarting. The daily death count has been dropping-since the lockdowns have started to be lifted. The lockdowns, put in place at the urging of our health "experts", did nothing-except to damage the economy, put 40 million people out of work and destroyed the life's work of hundreds of thousands of people.
Or I could be wrong-in which case, hundreds of thousands of rioters, looters, speedbumps and peaceful protesters in major cities will be dying in the next few weeks.
So in spite of a faux "impeachment", a global pandemic, a bogus "lockdown" and rioting and looting savages (not protesters) in many of our major cities destroying neighborhoods and businesses....the NASDAQ hits a record high. The DOW closed at 27,572, ~2000 points off it's peak. Gotta be rough being a Democrat these days-in spite of their best efforts, the Trump economy keeps chugging along. Question-how long before the DOW hits 30K?
I have some stocks that surged. Should I sell my stocks now, or wait?
LOL Wait. Depends on the stock. GE or Boeing? Wait. Netflix or Apple absolutely wait. I like PPL because it is a great dividend stock. It's a buy it and forget you have it stock. Low priced. It will never grow like Homedepot or Apple, but it holds it's own especially if you buy low like now.
I bought 60G worth of PPL a week before that post, at just over $19 a share and I have made just under 35g on it. Not bad for a single purchase.
A lot of people like me are doing well. They will back the horse that they think is making them money. Me? I'll do a write in.
I did ok under Obama, but not like I have in the last 3 years.
Apple went crazy. Netflix went crazy. Home depot and many others. All this in spite of the obvious attempts by the democrats to tank the economy and Trump.
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