Wednesday, January 29, 2025
What's new

Dow soars above 25,000 for first time since early March on recovery hopes and vaccine news

F-22Raptor

ELITE MEMBER
Joined
Jun 19, 2014
Messages
16,980
Reaction score
3
Country
United States
Location
United States
U.S. stocks traded sharply higher Tuesday afternoon, following a long holiday weekend, as investors were emboldened by fresh coronavirus vaccine news and signs that global economies are slowly starting to crawl back from the pandemic shutdown.

What’s driving the market?
Investors were focusing on positive signs in the global economy, news of the gradual removal of economic restrictions related to COVID-19 and signs that Americans are beginning to feel safe enough to travel and congregate in larger groups.

“It’s all about optimism for the economy reopening,” said Megan Horneman, portfolio strategist at Verdence Capital Advisors. “That’s the big driver for the market today.”

https://www.marketwatch.com/story/d...on-recovery-hopes-and-vaccine-news-2020-05-26
 
If it's just a number, who cares if it's in the thousands or millions or billions or trillions?

It means the growth of the price of those DOW 30 stocks. Much of it is from inflation. Meaning if the dollar is near worthless in the West, DOW Billions is the result.
 
U.S. stocks traded sharply higher Tuesday afternoon, following a long holiday weekend, as investors were emboldened by fresh coronavirus vaccine news and signs that global economies are slowly starting to crawl back from the pandemic shutdown.

What’s driving the market?
Investors were focusing on positive signs in the global economy, news of the gradual removal of economic restrictions related to COVID-19 and signs that Americans are beginning to feel safe enough to travel and congregate in larger groups.

“It’s all about optimism for the economy reopening,” said Megan Horneman, portfolio strategist at Verdence Capital Advisors. “That’s the big driver for the market today.”

https://www.marketwatch.com/story/d...on-recovery-hopes-and-vaccine-news-2020-05-26

https://www.statista.com/statistics...by-market-capitalization-of-listed-companies/

Largest stock exchange operators worldwide as of Mar 2020, by market capitalization of listed companies(in trillion U.S. dollars)

Screen Shot 2020-05-26 at 5.24.59 PM.jpg


Why stop at 25,000? Why not 25,000,000 or 25,000,000,000 for that matter?

Well it pulls investor money out of other markets.
Both Shanghai and Hong Kong still haven't recovered much faith to allow them to pass Japan again.
 
There are no investors driving the markets.
Feds are printing money and pumping it into the markets...
Fed can print money and the dollar doesnt weaken. Every other currency weakens if the respective government prints money.
Feds is a private bank and nothing to do with the USA government but it dictates all money matters.
 
those who are behind covid19 pandemic are becoming more rich,this also helps to easily find the people and companies behind this pandemic spread as difference between rich and poor is becoming much higher in u.s these days and middle class is shrinking which is very bad indicator of economic health
 
People like Warren Buffet are staying on the sidelines in cash....wonder why?
 


DONOT POST GRAPHIC/BLOODY/DEAD pictures or videos. Will result in an immediate ban.

Write your reply...

Pakistan Affairs Latest Posts

Military Forum Latest Posts

Country Latest Posts

Back
Top Bottom