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2020-05-19 Economy

Here's what it will take for the stock market to hit a new record within 2 months

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Posted by Besoeker 2020-05-19 05:15|| || Front Page|| [7 views ] Top

#1 The answer is the market always looks forward.

Well, except for employment numbers and earnings reports anyway.

This is why the usual suspects have been drooling about "the second wave" of Chinavirus and how it "could be worse" than the initial wave. If the plan was to keep the economy flat on its back thru the November election, well, that's not going to happen. If the market snaps back with a vengeance, Trump wins big. So be on the lookout for Plan B v. 2.2020.wtf from the anti-Trump crowd.

Posted by M. Murcek 2020-05-19 08:33|| 2020-05-19 08:33|| Front Page Top

#2 I meant to say, if the economy snaps back with a vengeance...

Posted by M. Murcek 2020-05-19 08:34|| 2020-05-19 08:34|| Front Page Top

#3 The stock market might "snap back", but that doesn't mean the economy will. Who wants government bonds at 0.8% interest?

Posted by Clem 2020-05-19 09:16|| 2020-05-19 09:16|| Front Page Top

#4 #2 I meant to say, if the economy snaps back with a vengeance...

Yeah, that makes more sense.:)

I always wince when Trump touts the stock market, because it's so easy for that to backfire.

Particularly when you consider that the fundamentals of the economy and the state of the market are not necessarily connected in any meaningful way.

Posted by charger 2020-05-19 12:55|| 2020-05-19 12:55|| Front Page Top

#5 he fundamentals of the economy and the state of the market are not necessarily connected in any meaningful way.

There is one very meaningful way that they are connected. They are connected psychologically in many / most peoples minds. Touting the market is a short hand way of touting the economy.

Posted by AlanC 2020-05-19 13:26|| 2020-05-19 13:26|| Front Page Top

#6 Yes, but if the market crashes, then anyone touting it has tied themselves to that crash.

Posted by charger 2020-05-19 13:36|| 2020-05-19 13:36|| Front Page Top

#7 I won't worry (much) about the market or the economy unless posts and comments at ZH become majority bullish.

Posted by M. Murcek 2020-05-19 13:42|| 2020-05-19 13:42|| Front Page Top

#8 ^ LOL. Little danger of that. But if you find yourself at risk of getting cheery read "Heisenberg" over at Seeking Alpha.

Posted by Matt 2020-05-19 14:42|| 2020-05-19 14:42|| Front Page Top

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