/biz/ - Business & Finance

Isn't all the market heavily dependent on consumer confidence though? Unemployment is at 15% and rising, and even with soft reopenings its clear most Americans aren't looking to spend big right now
I don't get how traders are seeing the upside here

>>18960937
There's no where else to invest your money and they're investing based on expectations 10-20 years out, not 1-2 months.

>>>>18960937
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>>18960692
This shit is getting worse and worse in general, everyone knows it yet stocks and crypto are pumping. Trading the news is a meme, it's not connected really to the rest of the economy it's more like it's own game.

>>18961368
Because everyone has access to that news just as quick as you do, and institutional investors (which account for the majority of the trading activity and managed assets) likely get it even faster AND can act on it faster.

That's why they say it's priced in.

>>18960692
>insider knowledge is required for markets to move

Turns out they're slow to adapt. Everyone knew BTC was a shitcoin in 17', but didn't sell until the fees were over 60 bucks and it took three days to send a transaction.

>>18960692
Yeah. But wouldn't that take into affect later rather than sooner. Very few people wod be looking to buy products as much after this scare. Are investors just being short sighted an looking 1-2 months into the future rather than the long haul or amid the retard here?

>>18961571
There's no where else for them to currently invest and get a good return. They're investing on expectations many years into the future.

>>18961095
>There's no where else to invest your money

This is what people don't understand. Bonds are historically dogshit right now.

>>18960692
i’m not sure what could possibly keep the market going up from here. institutions sure as hell aren’t buying here and if you look at google trends and new user numbers for robinhood, e*trade, etc it’s pretty obvious retail money has already fomo’d in with every penny they have. who is buying at these levels besides Jerome Powell?

>>18961463
Yet somehow it took like 2 months for the stock market to react to corona virus news when it was pretty obvious China couldn't contain it, weird how it works.

>>18960692
The stock market does not DIRECTLY reflect the economy.

>>18960692
>that means a lot of stocks will go down
Well, maybe

>because I am the only one with access to this information!
Where or how is this implied when someone suggests it could lead stocks to go down?

>>18961600
This for fucks sake

>>18960692
I'm going to short the market! This is just like that movie with Steve Carrell!

>>18961095
>based on expectations 10-20 years out
Boy will they be suprised.

Id look into BORR drilling. Looking good after hours and all month low starting to get attention. Definitely oversold stock 14x than before the rona.

>>18960937
80% of stocks are held by institutions. You think they haven't been tracking unemployment numbers this entire time? You think they haven't already reacted to it?

They're ain't no vaccine coming boyos. Strap in.

>>18960937

>Implying the stock market has anything to do with real production