Posted on 06/07/2020 6:45:43 PM PDT by John W
“The market has been a ray of sunshine — basically investors being convinced that we’ll get out of this, and the economy will recover along with earnings... The economy may very well be catching up with the stock market rather than the stock market going off on its own.“
That’s Edward Yardeni, president of Yardeni Research, explaining to CNBC why he believes the historic May jobs report will ultimately be a game-changer for Wall Street.
In other words, he believes such a massive rebound in the employment number flies in the face of the popular notion that the rally is disconnected from what’s really happening in the economy.
“With the benefit of hindsight, [the jobs number] kind of makes sense because we had the Paycheck Protection Program that was basically implemented in April, encouraging small businesses to keep people on their payrolls,” said Yardeni, a longtime Wall Street investment strategist.
(Excerpt) Read more at marketwatch.com ...
Bullshit.
If around October it looks like Plugs is gonna win the market will collapse...hugely!
Pretty amazing recovery. Thank you to President Trump!
Riots good for business?
Agreed. If Plugs wins all of those regulations that President Trump got rid of will be coming back.
“...In other words, he believes such a massive rebound in the employment number flies in the face of the popular notion that the rally is disconnected from what’s really happening in the economy.....”
Somewhere out there, there’s a “community organizer” that’s gotta be really pissed about that.
Maybe if you make plate glass windows. < /s>
SUCK IT, BIT&%ES!!!!!!!!!!!!
I did check and frequently, but also got a few nastygrams in another forum for pointing out that unless someone sold at the worst possible time, this was “just” eating into the 20%+ jump last year ...
... and now, as you noted, we’re back at 2020 starting if not better. I wasn’t fast enough to sell before, nor prescient enough to play options, so all that’s happened is continued buying into the dive ... and all that money’s up a lot!
I’m glad these strategists know what’s going to happen in the future - they must make a lot of money in the stock market.
No, wait, they just sell their forecasts, and let others invest?
Not so. My portfolio has already risen above where it was before the Wuhan Virus panic started.
Hang in the market the next 60 days then get back to me,
Interesting, the Market rebounds on the cusp of another Civil War.
New highs in November would be good for Trump...
Or maybe they will crash it just before the election..?????
Congratulations.
Yes, our President is amazing.
He never lost faith, never turned negative, never expressed doubt.
Tremendous leader.
...the Market rebounds on the cusp of another Civil War.
________________________________________________________
Buy when there is blood in the streets.
Literally.
Lots of tourist spots have owners who list on AirBnB for short term rentals. They are levered up to their ears, and now the tourism has crashed, so they have to unload.
Under the communist who occupied our White House for 8 years, the economic collapse would have been described as the “new normal”, and it would have lasted for years. This is not a guess - it is what we saw with the long recession and anemic ‘recovery’. Under President Trump, a bigger collapse only lasts 33 days. Thank God we elected a real American this time around!
The market is irrelevant.
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