DOW FUTURES UP 300 POINTS

always do the opposite of what the Yas Forums consensus is

rekt by kek

Checked

How about 30% mortgage defaults? 30% drop in GDP? How about the 15% of corporations that are zombie corps unable to get funding and stop from going bankrupt? How about worst corporate earnings ever? How about cascading unemployment? How about food shortages?

Everything I just listed is happening.

You’re delusional if you think that the health crisis is the issue here. The cascading series of crises that are going to spiral out of this are the problem.

Namely multiple countries defaulting on debt, mass joblessness, further fracturing of political relationships etc.

If the virus were to completely disappear today, we would still be heading for a serious economic collapse.

>dow futures still up 4%
welcome to clown world enjoy your stay

It's a highly volatile time, swings of 5-10% in both directions is normal. Long term you might get wrecked once the full impact becomes known. Trade the trade.

I for one am scared. holding through this is the most stressful thing ever, as I'm not cut out to swing FUCK

>"The world doesn't work as I want it to, we're in the clown world." -Your average Yas Forums neet before the crisis
>"This crash is not enough, THE CRASH is still impending. If not, we're in the clown world." -Your average Yas Forums neet during the crisis
>"Wtf why is it going up?? We truly live in a clown world." -Your average Yas Forums neet after the crisis.

Clown is in the mirror, user.

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include me on screencap

Take your meds, schizo

Take it from me, selling close to the bottom and seeing your investment shoot up by 60% is more stressful

Don't look at me, I'm betting BVLL in the short term

Holding stonks is easier than holding cash atm.
Whatever happens, you're all in with stocks. With cash you need to considering to buy or not to buy every day, or you'll miss the train.

I say this unironically, but that's all priced it. Dow dropped 30% from it's high. You genuinely think that it dropped that much because some people were going to die from Corona? You think last week and this week, those people who are investing back into the market are thinking "oh boy I bet those corporate earnings are going to be great! I bet the GDP will see a rise soon! I bet unemployment is going to drop to record lows!" No you idiot. Everyone is aware of that. THAT"S why the Dow dropped as much as it did. And now that things are going back to normalcy soon enough as the fear over the virus is abating, you'll see the slow rise of the market.

"bull"shit

market was overinflated anyway

what if stonks crash?

But they already did.

>And now that things are going back to normalcy
What a dumb cunt.

>market was overinflated anyway

And corona gave them an excuse to sell. Now they've sold. And here we are. Everyone already is aware of the repressions of Corona, which is why the market is as low as it is. Why would it go lower? "Oh nooo how could I totally not see a 30% reduction in GDP?"

>soon enough

Sorry that you're reading comprehension is lacking.

so now they are protected by some stonks magic?

What I wonder, is if crypto will continue following the market or finally become detached.

market will drop more

Most "people" are vastly overestimating how fast this recovery will be. Doubt if recurrent lockdowns all over the globe are priced in

Detachment is a meme
Crypto is useless outside speculation

>mfw holding crypto instead

this whole drama is aging me by the day, I want to make money from it so bad, but am not a degenerate gambler. but all that means is I'm destined to live a medicocre life as a pussy who doesn't dare FUUUUCK

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They are printing out of their ass guys, it's going to go up. They're willing to destroy the dollar if necessary.

everytime the market swings, Yas Forums decides its solid proof of the next trend. market goes up. RECESSION IS OVER V-SHAPED RECOVERY PERMA BVLLS. market goes down. THIS IS IT WHAT GOLD AND GAS MASKS HAVE YOU BOUGHT? maybe the market is just fucking volatile. itll keep going up and down for awhile, because no one knows what the fuck is going on. there's a convergence of geopolitics, plague, and economic factors, and the three are too big to comprehend. too many shifting components

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He bought ?

>How about 30% mortgage defaults?
news.bloomberglaw.com/banking-law/home-lenders-brace-for-up-to-15-million-u-s-mortgage-defaults

>30% drop in GDP?
cbo.gov/publication/56314
>Gross domestic product is expected to decline by more than 7 percent during the second quarter. If that happened, the decline in the annualized growth rate reported by the Bureau of Economic Analysis would be about four times larger and would exceed 28 percent. Those declines could be much larger, however.

>How about the 15% of corporations that are zombie corps unable to get funding and stop from going bankrupt?
zerohedge.com/markets/mortons-parent-scrambles-reopen-frozen-loan-market-record-yielding-15-secured-paper
>Worse, for the past month the loan market which despite being secured is even more illiquid than junk, has been frozen without a single issuers coming to market.
>Landry's, which is the parent company of Golden Nugget casinos and hundreds of restaurants including Chart House, Saltgrass Steak House, Bubba Gump Shrimp Co., Claim Jumper, Morton's The Steakhouse, McCormick & Schmick's, Mastro's Restaurants, is hoping to crack the leveraged loan ice by offering investors a record interest rate of 14% over Libor for a $250 million loan, Bloomberg reported citing "people familiar with the matter."

>How about worst corporate earnings ever?
zerohedge.com/markets/goldman-after-crash-2020-corporate-earnings-wont-recover-until-2023

>How about cascading unemployment?
pic related

>How about food shortages?
wmur.com/article/food-banks-struggle-as-demand-explodes-thanks-to-coronavirus-layoffs/31989340

Suck my cock you little bitch

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>Most "people" are vastly overestimating how fast this recovery will be. Doubt if recurrent lockdowns all over the globe are priced in

No need for that. They're not looking to destroy the economy even more to prevent a few more coofs. Projections from a month ago which promoted a lot of the fear and the lockdown policies were wildly inaccurate. HCQ seems like a very promising treatment. Masks will probably be wildly used as we come out of lockdown.

I honestly don't know what kind of land people live in who think corona will get worse at this point.

>return to normal

But I do know where the market will go. I have a certified IQ of 111 after all. I'm practically a financial genius.

fake pump
the market is irrational atm

If you reopen the economy without recurrent lockdowns you will have the same situation as today?? People will get reinfected or infected you know..

>The market is irrational when I can't predict it
>but it's rational when I can

The economy was one giant debt bubble. Everyone is leveraged up the ass with debt. It's gotta unwind before things get better.

nah bro you just loan more bro

they're pumping it so they can dump it on fomoing retards.
besides, the european markets have banned shortselling for now, when it will be allowed, some funds are going to go ham

>zerohedge.com/markets/goldman-after-crash-2020-corporate-earnings-wont-recover-until-2023

Did you read it though? It's not that earnings wont recover until 2023, it's that earnings will not recover TO THE LEVEL THEY WERE AT until 2023. By 2021 they're already well into recovering with 50% rises. Again, the bottom is in.

you got a point, the 30% certainly stem from the expected economic impact and not from people dying.
However, I think there's still the question whether there was a bubble before the crash and the 30% correction might just be the bubble bursting. In a "normal" financial crisis this would be it and the markets would go up as soon market confidence is back. However, in contrast to the last financial crisis, this time the real economy is directly affected which would justify further correction in my opinion.

TLDR: In case there was a bubble before corona -> further correction; in case there was no bubble -> it's going up

>If you reopen the economy without recurrent lockdowns you will have the same situation as today?? People will get reinfected or infected you know..

The situation is far far less dire than predicted in the US, which is why we shut down in the first place. The justification for the shutdown in the firstplace, in that sense, never existed.

And like I said, now we have HCQ, a seemingly effective treatment, and we will probably start wearing masks outside. That's it.

>The economy was one giant debt bubble. Everyone is leveraged up the ass with debt. It's gotta unwind before things get better.

You're right. It was a giant bubble. And it wiped out all of it's gains for the last 3 years. Why do people think that a 30% drop wasn't an indicator of anything?

>Everyone is aware of that
>things are going back to normalcy
kek, I wish

>you got a point, the 30% certainly stem from the expected economic impact and not from people dying.
However, I think there's still the question whether there was a bubble before the crash and the 30% correction might just be the bubble bursting.

it's both. There was a bubble being popped and an expected economic impact. Id say a 30% drop from highs would account for both of those.

Millions of people won't be able to pay their rent in a few months. Homelessness is going to be a historical high, there will be schools of roving homeless wandering the public spaces. But the stocks will be up, up, up! Pretty appropriate picture of modern America.

They're aware. It's why the unemployment numbers, when released, even though they were worse than predicted, didn't affect the market. The economic turmoil has largely been priced in by now.

Printer goes brrrrr

First of all, before all this, corporate earnings didn’t improve since 2015. Yet stocks doubled. Stocks were due for a massive correction before all this economic shutdown happened. Second, this debt bubble is larger than anything we’ve ever seen. The impact of it unwinding will be enormous, especially when you consider that the entire rally since 2010 has been because of the Fed pumping the bubble. We have a long way to go, 30% was nothing.

I should correct myself, corporate profits didn’t improve.

Hey man, straight up, I know you're trying to look at the fundamentals, but the market isn't based on that anymore, it's based on projection of how hopeful people are about the immediate and short term future. We're living in an economy based on fake money that they can print on a whim. Do you genuinely think a debt bubble matters in a scenario like that?

You're predicting things based off a logical look at what the market SHOULD be, and how the economy SHOULD work, rather than the reality of how it does work.

In the 2007/08 financial crisis we also had a correction of 30% and there we "only" had a bubble bursting....