Economy
Related: About this forumCan someone explain how the Dow goes up after 6.6 million file for unemployment?
I don't get it.
TwilightZone
(25,426 posts)Stock prices often go up after layoffs.
bluedye33139
(1,474 posts)When companies lay off the workforce, investors celebrate. This has been the case since forever.
stopbush
(24,392 posts)or want to change jobs, putting new-hire employees at a premium.
A high unemployment rate means cheap labor.
Pisces
(5,599 posts)lark
(23,059 posts)They won't have to follow any rules, they will steal all the money for themselves and not one penny will trickle down. They are fucking ecstatic, it's a huge giveaway and lots of them think they are in line for it and are chortling with glee.
DarthDem
(5,255 posts)Rich investors who drive the movement of the major indices appear to be relatively unconcerned about the middle class and the working poor, at least until such matters have an impact on portfolios in a "macro" sense. The stock market's "bullish" performance in the face of the astonishingly widening wealth gap in this country, for years, has been completely illogical.
Auggie
(31,130 posts)NoMoreRepugs
(9,364 posts)they and Pootie will be cutting oil production shortly. Oil futures spiked 30% immediately.
Layoffs are one thing, an economy moving towards 20-25% unemployment is another animal. US economy (GDP) is two thirds consumer spending, doesnt take a NASA mathematician to figure out where we are headed IMO.
gibraltar72
(7,498 posts)Kelley Loeffler tells her husband which companies are gonna get help from the Government. Then he tells 10 thousand of his "friends" where to invest.
OAITW r.2.0
(24,274 posts)The goal is "Productivity" Doing more work with less labor. The ultimate goal is to make one poor bastard provide all of the labor. The corporation will have then obtained the state of "Perfect Productivity".
BadGimp
(4,012 posts)The reality of the unemployment numbers has been predicted for some time and so for the (Wall Street) & top funds etc, the effect for them is "baked in" to their forecasting.
It's quite interesting.
They get it but I do not think the Sheeple do yet. When the masses really get what is and will happen do we will see the ultimate impact on consumer spending etc. It will not be pretty.
I do not believe we have seen the bottom yet. The news I am reading, for example, suggests that 50-70% of all restaurants will not survive. Extrapolate that int the retail storefront businesses and in 60-90 days main street USA will look radically different. Then you will see the real jobs impact. Of course, the market numbers could still look like they do as in present a different picture.
elleng
(130,709 posts)'Oil spiked, triggering a rally in shares of energy companies, after President Trump said on Thursday that he expected that Saudi Arabia and Russia would substantially cut their oil production to halt the collapse of prices.
Mr. Trump said in a tweet that he spoke with Crown Prince Mohammed bin Salman, who had spoken with President Vladimir V. Putin, and I expect & hope that they will be cutting back approximately 10 million barrels, That figure represents about 10 percent of normal world consumption. The president later said the cut could be as much as 15 million barrels.
Saudi Arabia called on Thursday for an urgent meeting of the Organization of the Petroleum Exporting Countries and other oil producing countries with the aim of reaching a fair agreement to restore balance in the oil markets, according to a statement carried by the official Saudi press agency on Thursday. The statement said that the Saudis were acting to support the global economy and in appreciation of Mr. Trumps request.
The Kremlin denied that Mr. Putin had spoken to the Saudi crown prince, as Mr. Trump had said in his Twitter message. No, there was no conversation, Dmitri S. Peskov, spokesman for Mr. Putin, told the Interfax news agency.'
https://www.nytimes.com/2020/04/02/business/stock-market-today-coronavirus.html?
SCantiGOP
(13,862 posts)If you think that today's price is below what it will be in X years from now, that makes it a good time to buy regardless of the news today or even this month.
2naSalit
(86,307 posts)walkingman
(7,577 posts)won't continue to support MBS no matter what he does. The "Gang of Three" are all despicable human beings.
2naSalit
(86,307 posts)masmdu
(2,535 posts)I am able to call turns on S&P emini with great accuracy with a very specific entry points.
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