Stock Market?

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Tommy Tar
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Stock Market?

Post by Tommy Tar » Fri May 08, 2020 1:25 pm

Very little news about the great Stock market bump. My investments are only down 5.13% from the highs before COVID-19. Still some great buys in airlines, cruise lines and hotels.
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Wabash
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Re: Stock Market?

Post by Wabash » Fri May 08, 2020 1:34 pm

My stocks did so much better under Obama at this point in his administration.

Just as a reference point.

The DJIA was up about 60% in early May, 2012 versus when Obama took office.

It is now up about 22% from when Trump was inaugurated.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

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John Q. Public
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Re: Stock Market?

Post by John Q. Public » Fri May 08, 2020 1:47 pm

That wasn't the question.
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Omar Bongo
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Re: Stock Market?

Post by Omar Bongo » Fri May 08, 2020 4:57 pm

Very little news about the great Stock market bump

Coincidentally there was also very little news from you about the great Stock Market Crash...welcome back!

Newsflash: the market goes up, the market goes down...where was the "newsy" part?


Still some great buys in airlines, cruise lines and hotels...

Gee, I wonder why :lol:

How much Carnival Cruise stock did you snap up?
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John Q. Public
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Re: Stock Market?

Post by John Q. Public » Fri May 08, 2020 6:59 pm

Airlines are too essential to fail, but probably not all of them and not without substantial lobbying. Some hotels will survive but some might not and if you can tell me how cruise lines could survive until it's safe to do what they do, I might consider buying some.

But this thing isn't dying down and besides unemployment, productivity was down 2.5% only through March and it's likely to go down even more when this quarter's numbers are released and output was down 6.2%. And there's likely to be a second wave. I could be wrong but IMHO the markets are being unrealistically optimistic.
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Re: Stock Market?

Post by Wabash » Sat May 09, 2020 12:47 pm

I agree. Demand drives consumption. I have to believe that demand will be down with so many unemployed.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.

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