Consensus expectations were 1.64M. The actual number was twice as bad, and 50% higher than Goldman's.Market had already priced in huge unemployment numbers. Not sure what's so hard about this. If y'all were expecting giant numbers, so were they
Consensus expectations were 1.64M. The actual number was twice as bad, and 50% higher than Goldman's.Market had already priced in huge unemployment numbers. Not sure what's so hard about this. If y'all were expecting giant numbers, so were they
I'm betting no. 3.2 million is within many analysts estimates. That was priced in. Today will depend on what other news comes out, and with the House likely to pass the stimulus package we might even end green again.
Market does not necessarily price in the consensusConsensus expectations were 1.64M. The actual number was twice as bad, and 50% higher than Goldman's.
Up to you. My money is on wait (literally). I think we have more to fall over the next month or so.wow...ur right....going up 3% so far.
Should I wait or just buy my stocks?
again im 26 years away from using my roth
This is what can get through pubs. The fed is basically doing unlimited money on the other side of it.I am completely out of my depth here, but from my perspective I just don't believe the bill is enough. Certainly not enough to reverse the trend of even more layoffs and furloughs as companies heavily reliant on consumer spending continue to downsize.
Approaching this pandemic which will likely last multiple months with what I feel is a stopgap solution just doesn't make sense.
The market is dumb.
And you're saying the Market didn't price in the passing of the bill that we had every detail on for the past week...Market had already priced in huge unemployment numbers. Not sure what's so hard about this. If y'all were expecting giant numbers, so were they
They did, then deal fell through a few times and market dropped again, then apprehension set in.And you're saying the Market didn't price in the passing of the bill that we had every detail on for the past week...
This whole market is not a reflection of reality for a long time, even when everything was overpriced.
This too. We're in uncharted territory with this recession.The problem here too is this isn't a typical recession so it's hard for us to overlay it. We have people essentially betting that these are "good deals" because the economy is going to spin back up quickly and people who think it'll tank hard because this will go on far longer than we thought.
This isn't a clear trajectory and if it was, it would be easy to invest.
I thought I was being smart when I sold yesterday morning... Just another lesson to never try timing the market. Next time there's another dip I'm just going all in on ETFs and SEDG and then being done with it.
It's an artificial attempt to rally on the back of the Senate stimulus package, and 99% chance it will fail as more and more economic bad news drop between record unemployment, and awful drops in Fiscal Results all around, not counting the continuing pandemic news.Wtf is with this market? Cashed out day before yesterday as I was positive it would plummet by at least today, and yet here we are. Ugh. Should have left it in. I still think it's heading down at some point, but this is bizarre. All bad news and up up up it goes.
I definitely threw in $5k at one of the cruise lines when it dropped to $19/share (from $135/share in January). Currently, it's at $46/share so I've more than doubled my investment (potentially, obv as I haven't withdrawn) but won't take it out for years to come. This should work out nicely.I should have definitely thrown a few G's at airline and cruise stocks. I mean they were at like 20 year lows 🤦♂️ Use your brain 🙁
It's an artificial attempt to rally on the back of the Senate stimulus package, and 99% chance it will fail as more and more economic bad news drop between record unemployment, and awful drops in Fiscal Results all around, not counting the continuing pandemic news.
If beating the previous record for single week unemployment numbers by 400% isn't 'really big' I don't know anything anymore.I think at some point investors get numb to "regular" bad news and it'll take something really big to shock the market back to reality.
...I thought I was being smart when I sold yesterday morning... Just another lesson to never try timing the market. Next time there's another dip I'm just going all in on ETFs and SEDG and then being done with it.
And that would be?
Norwegian and carnival where at like 10 bucks. Delta was stupid down and obviously Boeing hit like sub 90I definitely threw in $5k at one of the cruise lines when it dropped to $19/share (from $135/share in January). Currently, it's at $46/share so I've more than doubled my investment (potentially, obv as I haven't withdrawn) but won't take it out for years to come. This should work out nicely.
That's partially why we're already as low as we are. -35% in one month is catastrophic.If beating the previous record for single week unemployment numbers by 400% isn't 'really big' I don't know anything anymore.
Yeah I got Norwegian at like $8 I sold at $18. Just not sure we've hit peak coronavirus panic imo. Maybe I'm wrong.Norwegian and carnival where at like 10 bucks. Delta was stupid down and obviously Boeing hit like sub 90
may I ask what you use to buy and sell stocks? I just have a roth but would like to play around with a little moneyYeah I got Norwegian at like $8 I sold at $18. Just not sure we've hit peak coronavirus panic imo. Maybe I'm wrong.
The Dow Jones isn't the economy. Congress just gave companies Billions of dollars to keep themselves afloat. This doesn't mean these same companies won't layoff people in a down economy. People say the market is unpredictable but from what I've seen there is some predictability to it. It was always going to go up based on the passage of this bill. Now how many days this last I couldn't tell you. It wishful thinking for the people at the top to think this virus consequences will only last a few weeks.
I think it might have to do with expectations. People expected them to be insane so it wasn't as much of a shock.If beating the previous record for single week unemployment numbers by 400% isn't 'really big' I don't know anything anymore.
The Dow Jones isn't the economy. Congress just gave companies Billions of dollars to keep themselves afloat. This doesn't mean these same companies won't layoff people in a down economy. People say the market is unpredictable but from what I've seen there is some predictability to it. It was always going to go up based on the passage of this bill. Now how many days this last I couldn't tell you. It wishful thinking for the people at the top to think this virus consequences will only last a few weeks.