The Commish
Footballguy
Oh...perhaps specific ones may have turned negative for the first time ever. I'd need to look. "Treasury Yields" have frequently turned negative over the course of time though.
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Stock Market under Trump (2 Viewers)
- Thread starter Sinn Fein
- Start date
timschochet
Footballguy
OK. I really don’t care about first time or not. I just want to know how bad it is.
The Commish
Footballguy
If you think about it, it has to be tough to get 1M and 3M yields to go negative...that's an accomplishment.
Leroy Hoard
Footballguy
Good upward signs, but Dow still down 25% in 2020.
McBokonon
Footballguy
I’m sure I can Google this, but I wonder how many of the laid off service industry workers from the most affected, like restaurants and whatnot, moved right over to grocery stores and other places that needed to hire a ton of people immediately, and when we’ll know that.
Go DC Yourself
Footballguy
Gopher State
Footballguy
Go DC Yourself
Footballguy
Expectation was higher. And number likely would be if there was the infrastructure to support them.
Gopher State
Footballguy
The Commish
Footballguy
Thought I'd cross post from the bill thread...
Does anyone have a link to the bill? We've been given the 10,000 level changes that are supposed to be in the bill as it pertains to retirement accounts and access to them. If true, I fear a rather large impact to the markets. Just one of the first things we were told were removal of 10% penalty AND deferred payback anywhere from 1-3 years (conflicting reports on timeline). Anyone know when the gov't is supposed to start cutting checks?
Does anyone have a link to the bill? We've been given the 10,000 level changes that are supposed to be in the bill as it pertains to retirement accounts and access to them. If true, I fear a rather large impact to the markets. Just one of the first things we were told were removal of 10% penalty AND deferred payback anywhere from 1-3 years (conflicting reports on timeline). Anyone know when the gov't is supposed to start cutting checks?
bostonfred
Footballguy
The total market cap of the 30 companies that comprise the Dow is approximately 6 trillion.
Sweet J
Footballguy
What means this?
(also, if it means: "time to put my TSP/401k back in stocks," just LMK tx).
bostonfred
Footballguy
The Dow Jones industrial average is the total share price of 30 of the biggest stocks that span many industries.
THE DOW JONES INDUSTRIAL AVERAGE
Company NameStock Ticker
3MMMM
American ExpressAXP
AppleAAPL
BoeingBA
CaterpillarCAT
ChevronCVX
CiscoCSCO
Coca-ColaKO
DowDuPont Inc.DWDP
Exxon MobilXOM
Goldman SachsGS
Home DepotHD
IBMIBM
IntelINTC
Johnson & JohnsonJNJ
JPMorgan ChaseJPM
McDonald'sMCD
MerckMRK
MicrosoftMSFT
NikeNKE
PfizerPFE
Procter & GamblePG
Travelers Companies Inc.TRV
United HealthUNH
United TechnologiesUTX
VerizonVZ
VisaV
WalmartWMT
Walgreens Boots AllianceWBA
Walt DisneyDIS
The total price to buy these 30 companies outright would be approximately 6 trillion dollars based on the current price of their stock shares.
Congress just authorized the spending of 3 trillion dollars, and the total value of the Dow 30 has gone up about 5 percent today - or about 300 billion dollars.
Sweet J
Footballguy
I hate to be the big fat idiot here. But I interpret what you say as either of two things (possibly more): 1) "the whole shabang is worth 6 trillion, and the government just dumped 3 trillion -- HALF of the worth of the whole thing -- into the market. So the market is probably going up on the short term (say 6-12 months)." 2) well, I don't really know what the other way to interpret it is. I thought I did a second ago, but maybe I don't.
Gopher State
Footballguy
Best three day stock rally since 1931! Trump might have the markets roaring again sooner then later.
Leroy Hoard
Footballguy
Let's get back to Jan 1st levels before we get too excited. Dow still down about 20% this year.
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Hawkeye21
Footballguy
Is that really that impressive when we consider the crash it had? If things were where they were before then it would incredibly impressive but now it just feels like, meh, still has a ways to go.
Osaurus
Footballguy
JohnnyU
Footballguy
11+% two days ago, or was it 13+
2+% yesterday, or was it 3?
6+% today
Are we caught up yet?
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Leroy Hoard
Footballguy
JohnnyU
Footballguy
Leroy Hoard
Footballguy
Ilov80s
Footballguy
This is way oversimplistic but it's not great when your $6 trillion car needs $3 trillion worth of work just to get it back up and running.
Leroy Hoard
Footballguy
GoBirds
Footballguy
Leroy Hoard
Footballguy
Anyone that happened to start a fund at the beginning of the year knows exactly what I'm saying.Yes, we should always be at All Time Highs or it’s obviously one big FAIL.
yak651
Footballguy
The Commish
Footballguy
Gopher State said:
He'll be as responsible for the "roaring again" as he was for them tanking in the first place. You guys crack me up. You're not even trying to hide it anymore.
JohnnyU
Footballguy
hmm. I don't think Trump was responsible for the CV and to be honest, the market is dong better than I thought given the circumstances.
He'll be as responsible for the "roaring again" as he was for them tanking in the first place. You guys crack me up. You're not even trying to hide it anymore.
msudaisy26
Footballguy
The Commish
Footballguy
glad you had a change of hearthmm. I don't think Trump was responsible for the CV and to be honest, the market is dong better than I thought given the circumstances.
He'll be as responsible for the "roaring again" as he was for them tanking in the first place. You guys crack me up. You're not even trying to hide it anymore.
Oh, and I said nothing about the CV...was talking about the markets. It's pretty simple, the markets went in the pooper because of the uncertainty of the CV, when the markets feel the CV is under control or beginning to be under control, they'll begin to bounce back. See how Trump isn't part of either side of that equation?
The General
Footballguy
The unlimited money pouring in probably had something to do with the markets.The Commish said:glad you had a change of heart
Oh, and I said nothing about the CV...was talking about the markets. It's pretty simple, the markets went in the pooper because of the uncertainty of the CV, when the markets feel the CV is under control or beginning to be under control, they'll begin to bounce back. See how Trump isn't part of either side of that equation?
Jefferson the Caregiver
Rebel Without A Pause
My guess is the market will be okay by the time of the election but unemployment will be a whole lot higher than it was. Its not just going to be small businesses that result in job loss. Big companies that are able to navigate this will be laying off as well and once they cut they will be slow to rehire.
I'm not as optimistic as some of these economic forecasts that have the US economy bouncing back quickly in Q3 and Q4, but, even if it does, I agree that unemployment will be pretty high later this year. Not sure what that means for 401K's though.
It's pretty amazing how a 900 point loss barely raises an eyebrow.apalmer said:
I am looking for that day, or period of time, hopefully in April, where the number of new cases begin to decline. I'm sure those will be strong days for the market, but not so sure we won't see ourselves having plenty of rough days in the coming weeks with more unemployement.
One question for all - will the new economic package result in those weekly unemployment numbers stabilizing or should we continue to see large numbers added? If so, why is that happening if this was one of the goals of the bill?
Uncertainty is definitely driving the markets as the virus shut down the economy.The Commish said:glad you had a change of heart
Oh, and I said nothing about the CV...was talking about the markets. It's pretty simple, the markets went in the pooper because of the uncertainty of the CV, when the markets feel the CV is under control or beginning to be under control, they'll begin to bounce back. See how Trump isn't part of either side of that equation?
Is it safe to assume that you blame Trump for the federal response for this, and thus, the uncertainty?
He'll be as responsible for the "roaring again" as he was for them tanking in the first place. You guys crack me up. You're not even trying to hide it anymore.
Jefferson the Caregiver
Rebel Without A Pause
No, but I'm hearing from people that are having this happen. Not sure how much of this is priced in to the current state of the market as the focus has been more on the unemployment number. Feel like we are going to go a lot lower in the short term.
What the hell? There wasn't anybody, anybody cheering it on like he suggests. Ive been suspended for waaaaay less. Unbelievable.Setting a great example in here.......guess it's ok for you toas staff but if others do it they get suspended? Echo chamber at its best.
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The Commish
Footballguy
Trump's largest contribution to uncertainty is his endless incoherent babble at the press conferences and his tweeting that is 180 degree opposite of what everyone else in the world is seeing with their own eyes. It leaves the markets thinking "WTF is this guy looking at?" and instills virtually zero confidence which then leads the markets to be unsure of where this ship is headed.
Gopher State
Footballguy
Trump extending social distancing having a very positive effect on the markets today. Up 500 lets keep it going! Ways to go but we should be in good shape by June (fingers crossed)
tommyGunZ
Footballguy
Crazy, isn’t it? The one thing Trump is supposed to be good at (business, the economy, markets, etc.) he’s actually so incompetent that he actually hurts us there too.
This was always the risk. Lots of “Fiscal conservatives” were willing to ignore the naked emperor due to the promise of large tax cuts, assuming/hoping/praying that we wouldn’t encounter a significant crisis in which competence and leadership was essential.
They screwed us.
Gopher State
Footballguy
Market up again, looks like it has confidence in Trump to get us through the crisis.
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