Dow up another 500+ approaching 25,000

[Hamartia Antidote]

 

[Nasr]

DJIA is nothing more than a pseudo economic indicator. It doesn't matter if it climbs or plunges or dances around like a monkey. The reality is near 30 million Americans are jobless, the shale oil industry is tanking and the American national debt is sitting pretty at $26 trillion. America's economy is collapsing and will not ever recover to it's former self. Covid-19 is instrumental in bringing about the demise of america. They can QE their way back to blackhole, flap around with negative interest rates but damage is done and there isn't a damn thing they can do to restore the economy.

 

[khansaheeb]

DJIA is nothing more than a pseudo economic indicator. It doesn't matter if it climbs or plunges or dances around like a monkey. The reality is near 30 million Americans are jobless, the shale oil industry is tanking and the American national debt is sitting pretty at $26 trillion. America's economy is collapsing and will not ever recover to it's former self. Covid-19 is instrumental in bringing about the demise of america. They can QE their way back to blackhole, flap around with negative interest rates but damage is done and there isn't a damn thing they can do to restore the economy.

You forget that the core companies that are grouped by the DJIA employ hundreds of thousand workers directly and millions indirectly. So if they are doing well that means a lot of people are in jobs and doing well.

 

[ARMalik]

To put it politely, the Real Economy is F*ed whereas the mobsters bankisters have been handed over national wealth by the FED by printing money. It is literally day light robbery by the FED because printing money is taking tax payer money and giving it to big financial mobsters. Honestly, these people in the FED belong in a jail.

 

[VCheng]

DJIA is nothing more than a pseudo economic indicator. It doesn't matter if it climbs or plunges or dances around like a monkey. The reality is near 30 million Americans are jobless, the shale oil industry is tanking and the American national debt is sitting pretty at $26 trillion. America's economy is collapsing and will not ever recover to it's former self. Covid-19 is instrumental in bringing about the demise of america. They can QE their way back to blackhole, flap around with negative interest rates but damage is done and there isn't a damn thing they can do to restore the economy.

@Hamartia Antidote The above words are worth preserving, don't you think?

(I just hope that people will have enough moral courage to throw out their jaundiced crystal balls once they are shown to be false, in a few short months.)

 

[Hamartia Antidote]

DJIA is nothing more than a pseudo economic indicator. It doesn't matter if it climbs or plunges or dances around like a monkey. The reality is near 30 million Americans are jobless, the shale oil industry is tanking and the American national debt is sitting pretty at $26 trillion. America's economy is collapsing and will not ever recover to it's former self. Covid-19 is instrumental in bringing about the demise of america. They can QE their way back to blackhole, flap around with negative interest rates but damage is done and there isn't a damn thing they can do to restore the economy.

I think it is more amazing that with a workforce of over 150Million that in a shutdown 80% of the workforce is still able to work.

@Hamartia Antidote The above words are worth preserving, don't you think?

(I just hope that people will have enough moral courage to throw out their jaundiced crystal balls once they are shown to be false, in a few short months.)

He (and others) don't realize many people are still working


We can thank DARPA for creating the Internet and allowing us all to continue from our suburban homes. I can imagine the strain of everybody on from 9 to 5.

 

[VCheng]

I think it is more amazing that with a workforce of over 150Million that in a shutdown 80% of the workforce is still able to work.



He (and others) don't realize many people are still working


We can thank DARPA for creating the Internet and allowing us all to continue from our suburban homes.

It is just not the working from home that is the important thing.

Businesses with direct contact are adapting to the distancing requirements and are getting ready to open, while all essential services, from EMR to trash pickup, are all working as normal. The supply and distribution chains are recovering from the initial disruptions caused by panic buying, and gradually smoothing out the remaining issues.

True that it will take several months to recover from this setback, and many of the after-effects will linger for even longer, but overall, US society and economy will adapt pretty quickly to overcome this pandemic. Making new drug treatments effective for patients with serious manifestations of the disease, and a vaccine for the general population are being tested, and those efforts will soon begin delivering the needed results.

We will definitely recover.

 

[GiannKall]

View attachment 628328

But today it fall by 620. Sad

 

[Hamartia Antidote]

But today it fall by 620. Sad

It fell to 18K last month so in the 24K range is more than halfway back to the high of 29K

 

[Trango Towers]

View attachment 628328

On Thursday and friday it lost the entirety of its gains for the week.