Nasdaq hits all time high.

[littlejimmy]

Just some good news. That is all

 

[handinpocket]

Wonderful news, yet not a peep from anyone...…..

 

[FlightlessDuck]

https://www.wsj.com/articles/nasdaq...avirus-losses-to-seize-new-record-11591695001
S&P 500 is almost back to a positive gain, too:
https://www.wsj.com/articles/global-stock-markets-dow-update-06-08-2020-11591592116

 

[FlightlessDuck]

yet not a peep from anyone

What do you mean?

https://www.cnn.com/2020/06/08/investing/us-stocks-rally-nasdaq-record/index.html
https://www.cnbc.com/2020/06/08/stock-market-futures-open-to-close-news.html
https://www.reuters.com/article/us-...s-us-recession-becomes-official-idUSKBN23F2PL

 

[Cannot_Wait_4Disney]

Wonderful news, yet not a peep from anyone...…..

He says right after someone posted a thread on it and it's plastered all over the news like everywhere.

Speaking of not a peep, the DJIA and S and P 500 are both down at the moment. Did that just slip your mind? Perhaps the next time you wish to complain about not a peep, you could first check to see if there is a peep and secondly not be guilty of the same thing?

And yes, things are looking good for Wall St. They got lots and lots of our tax dollars. Big Bucks no whammies. Things aren't looking so hot on Main St., However.

 

[Darklord77]

He says right after someone posted a thread on it and it's plastered all over the news. Yeah. This Pandemic turned out fine for Wall St. Big Business got trillions of our tax dollars. Things don't look so good on main st., however.

Considering politicians just put us on house arrest for the better part of 3 months my Main St. is looking much better today than it was just 30 days ago! My 401K Main Street has made all its $ back and then some.

 

[kimblebee]

Considering politicians just put us on house arrest for the better part of 3 months my Main St. is looking much better today than it was just 30 days ago! My 401K Main Street has made all its $ back and then some.

Did you have to wear an ankle monitor? How did your city ever arrange that?

 

[Cannot_Wait_4Disney]

Considering politicians just put us on house arrest for the better part of 3 months my Main St. is looking much better today than it was just 30 days ago! My 401K Main Street has made all its $ back and then some.

1. Nobody put anyone on house arrest. Talk about over the top spin.
2. Your personal 401k is not what is referred to by the Main St. reference.

Did you have to wear an ankle monitor? How did your city ever arrange that?

They must have welded his doors and windows shut and shoved TV dinners through the mail slot for food!!

 

[Darklord77]

Did you have to wear an ankle monitor? How did your city ever arrange that?

No ankle monitors. Just summary executions by groups of roving death squads.

 

[mefordis]

It's shameful, the gains my Robinhood brokerage account has experienced since the beginning of this pandemic debacle. I'll take it, though.

 

[wvjules]

As we've seen from recent event, the stock market is not an accurate indicator of the economy or how the average Joe is fairing.

Plus, we have a lot bigger things going on in this country that deserve our attention.

 

[Kitty 34]

Wonderful news, yet not a peep from anyone...…..

"peep"

 

[okeydokey]

Get ready for another crash. Markets have been artificially manipulated higher.

 

[jdb in AZ]

Get ready for another crash. Markets have been artificially manipulated higher.

I'm expecting a major "correction" soon.

 

[georgina]

I'm happy it is up, but apparently it is only some big stocks leading the way. From Market Watch today -

Although the Nasdaq Composite reversed higher toward another record high, the rally is fairly narrow as market breadth data is still rather negative. On the Nasdaq exchange, the number of declining stocks is beating advancers 2,232 to 785, and volume in declining stocks represents 59.4% of total volume. But the Nasdaq Composite is now up 0.1%, after being down as much as 0.6% earlier. The three most heavily-weighted stocks are rising, as shares of Apple Inc. climbed 2.1%, Microsoft Corp. tacked on 0.3% and Amazon.com Inc. rallied 2.2%, with all trading in record territory.

 

[mikehn]

I was here in 2008 when the sky fell. Same ole same ole

 

[RamblingMad]

To infinity and beyond.

 

[JimMIA]

I'm happy it is up, but apparently it is only some big stocks leading the way. From Market Watch today -

Although the Nasdaq Composite reversed higher toward another record high, the rally is fairly narrow as market breadth data is still rather negative. On the Nasdaq exchange, the number of declining stocks is beating advancers 2,232 to 785, and volume in declining stocks represents 59.4% of total volume. But the Nasdaq Composite is now up 0.1%, after being down as much as 0.6% earlier. The three most heavily-weighted stocks are rising, as shares of Apple Inc. climbed 2.1%, Microsoft Corp. tacked on 0.3% and Amazon.com Inc. rallied 2.2%, with all trading in record territory.

CNBC claimed MSFT closed at a record high, but they were wrong. MSFT did touch the all-time of $190.70, but closed almost a dollar lower at $189.80. It wiggled back up some after hours, but not to the record. Still...I was pleased.

 

[MillauFr]

I'm expecting a major "correction" soon.

The federal reserve has flooded the economy with trillions of dollars in printed money. All of that money has to flow somewhere. So far most of it is flowing into the stock market and high priced real estate. If there was another correction the fed would just crank up the printing press even faster. A big correction is unlikely as long as they keep printing money.

 

[MillauFr]

As we've seen from recent event, the stock market is not an accurate indicator of the economy or how the average Joe is fairing.

Plus, we have a lot bigger things going on in this country that deserve our attention.

That is going to be a huge issue in this country going forward. Regions and cities whose economies are tried to the big tech companies like Amazon, Alphabet, Apple, Facebook, and Microsoft are going to attract an even bigger portion of the growth in this country. Other regions are going to be left behind. Not sure what the solution is but unless this problem can be corrected and the growth spread out among all 50 states we are going to have more turmoil. Having most of the growth concentrated in a few select cities is not health for the country.