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- Thread starter SoapyCy
- Start date
With banking, many times it government regulations 101. They change requirements, make you look like you are way worse or better then you are and the. 3 years later they change it back and you show the opposite. Gets frustrating playing their games. Should say got since I’m no longer in that area.
A tech heavy portfolio could easily look like that return. Amazon made new highs today. Tesla is back into nosebleed territory after furloughing a bunch of employees. I've been adding DOW puts and I doubled my Autozone short today.
Wells Fargo was on saying they have changed the loan loss accounting. Something about having to look at the total life of loan estimates versus some lessor time length previously.
Yeah I bought 30% in at 18.9K, and then another 10ish percent when it went up to 19.5K just in case. FOMO was too strong to wait.
Been buying small things inside my IRA like UAL too.
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Speculation, or do you have any sources or evidence of this? Not singling you out, just looking for information. The other COVID threads contain very little useful information.
From yahoo finance:
After market close Thursday, STAT reported that a Gilead (GILD) antiviral treatment was driving “rapid recoveries in fever and respiratory symptoms” for individuals with COVID-19. Gilead’s stock jumped more than 14% in late trading.
Improving prospects for a vaccine – which other health-care giants including Johnson & Johnson have also been racing to develop – sparked a surge in optimism among equity trader. The SPY exchange-traded fund (SPY) tracking the S&P 500 jumped more than 2% in late trading following the report.
Study had 125 participants, but this drug is actually an anti viral as opposed to the other one.
Like 4 straight weeks of depression era unemployment numbers and the market went up every day that they were reported?
This should give everyone a clear indication of the true relationship between the stock market and the actual strength of the economy.
I’m sure it won’t. But it was obvious for the last decade, and this should confirm it.
I think the market will still tank again sometime before the end of the summer. It might not drop fast, but how stable could it be with mass unemployment, and the economy shrinking significantly. I think a lot of investors just assume things will go back to normal soon.
Government data just announced that 5.5% of mortgages are now in forbearance. And something like 7.5% of FHA loans. That is gigantic. That alone could wipe out the economy. One month might be recoverable but more than 2 months and I doubt those people ever catch up.
