The Higher unemployment---- the higher equities rise! 26,000,000 unemployed!

S

S2007S

An incredible 26,000,000 +++ on unemployment in just 5 weeks time. Every single damn job created in over 10 + years completely wiped out...Economy is totally worthless yet stocks shining ever so brightly for the rich and wealthy!!!!


US weekly jobless claims hit 4.4 million, bringing 5-week total to more than 26 million
PUBLISHED THU, APR 23 20208:32 AM EDTUPDATED MOMENTS AGO

The five-week total has now surpassed all of the job gains since the Great Recession.




https://www.cnbc.com/2020/04/23/weekly-jobless-claims.html
 
S2007S said:
An incredible 26,000,000 +++ on unemployment in just 5 weeks time. Every single damn job created in over 10 + years completely wiped out...Economy is totally worthless yet stocks shining ever so brightly for the rich and wealthy!!!!


US weekly jobless claims hit 4.4 million, bringing 5-week total to more than 26 million
PUBLISHED THU, APR 23 20208:32 AM EDTUPDATED MOMENTS AGO

The five-week total has now surpassed all of the job gains since the Great Recession.




https://www.cnbc.com/2020/04/23/weekly-jobless-claims.html
More...

Don't speak too soon. We might dip again.
 
Scataphagos said:
If unemployment number is favorable, market will celetrate.

If unemployment number is unfavorable, market will celebrate. (The worse the news the more Fed stimulus is expected. YEA, STIMULUS!)

See how that works?

:)
More...



Always a celebration when the fed has unlimited bucks!!!!

More stimulus packages in the works. Think its a little over $8 trillion now they have printed ...

Let me say that iffff stocks revisit 2020 lows and fall further south the fed will print probably another 5 trillion or so and if markets collapse 50% from where they trade today you would see the fed easily print 100% of our gdp which would be over $20,000,000,000,000!!!!!
 
S2007S said:
An incredible 26,000,000 +++ on unemployment in just 5 weeks time. Every single damn job created in over 10 + years completely wiped out...Economy is totally worthless yet stocks shining ever so brightly for the rich and wealthy!!!!


US weekly jobless claims hit 4.4 million, bringing 5-week total to more than 26 million
PUBLISHED THU, APR 23 20208:32 AM EDTUPDATED MOMENTS AGO

The five-week total has now surpassed all of the job gains since the Great Recession.




https://www.cnbc.com/2020/04/23/weekly-jobless-claims.html
More...


actually index futures went up by just a tiny amount.

It simply means market has already factored in those numbers.
Or it simply means this news is trivial news.

it is quite common to see market to be immune to economic data release.
 
AMZN, NFLX and a couple of other Naz names are holding the whole shebang from going to hell.

Economic stats or Chumpie tweets, good or bad mostly the latter of course, mean nothing if Naz names collapse.

Kind of ironic with the AMZN vs Chumpie war that it comes down to how they do how he does in fall.
 
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