actually @caiguycaiguy has posted a real chart. My only complain is that it looks like a straight line and hides true volatility of the stock market.
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Estimates that we may hit 32% unemployment
For many of these newly unemployed workers outside of major cities and coasts, they will likely see a bigger unemployment check than their old regular paychecks. With the $600 a week boost from the Fed (thorough 7/31 only), they might be okay for a few months.
After that though, we’ll just have to see and reassess…
The article ends with the following paragraphs that describes situation similar to the way I look at it.
The one potential bright side is the likelihood that the downturn could be comparatively brief.
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> During a CNBC interview last week, Bullard said the jobless number “will be unparalleled, but don’t get discouraged. This is a special quarter, and once the virus goes away and if we play our cards right and keep everything intact, then everyone will go back to work and everything will be fine.”
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“Stock will tank”, says a bond guy.
Market went down more than 4% and nobody commented? Feels like maximum exhaustion to me…
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Already expected. Besides, it’s a regular cadence at this point.
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Not limit down is the new up.
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4% no down enough to comment
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I’m with Jil. I think I will wait till spy @ 200
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vix was slightly up today.
Credit card spending down 30%. Hospitality is dead (more then 100% down as pre paid vacations canceled). Only up on 2 categories - electronics (WFH & Games i guess) and groceries (hoarding toilet paper)
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It is funny. The consumer confidence index drops to three year low. But, is lot higher than where it was at the time of last presidential election. Will it get worse?
https://finance.yahoo.com/news/u-consumer-confidence-fell-march-141836514.html
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Bottom might be in already. Thanks to the 5-minutes test.
oil up 9%. What does it mean ?