Black Monday

[bull....]

While retail investors continue with the risk-on attitude, El-Erian says the smart money has been raising cash in hopes of putting a “dual investment strategy” to work

https://www.marketwatch.com/story/it...?mod=home-page

[sb9]

Moderna shares jump as much as 16% after company says its coronavirus vaccine trial produced ‘robust’ immune response

https://www.cnbc.com/2020/07/14/mode...-patients.html

Hopefully we're a step closer to vaccine..

[tipsy]

32% of U.S. households missed their July housing payments

https://www.cnbc.com/2020/07/08/32-p...-payments.html

[moka]

Despite a massive recession, JPMorgan Chase just posted record revenue — here’s how the bank did it


https://www.cnbc.com/2020/07/14/desp...ey-did-it.html


who said you cant make massive profits trading

JPMorgan says the pandemic has left the company exposed to billions of dollars in potential loan defaults across credit card, mortgage and auto lines. However they obviously see plenty more opportunities coming up and aren’t concerned about the defaults because if a relatively benign scenario emerges, JPMorgan will have too much capital saved and could resume stock buybacks as early as the fourth quarter, Dimon told analysts.
It’s going to be a very ugly recession for most people in the world. In the US millions will be homeless, jobless and with no health insurance. The rich will get much richer as they do in a crisis. There will be a massive transfer of wealth to the rich and accumulation by dispossession over the next few years.

[Balance]

https://finance.yahoo.com/news/stock...221127015.html

Mostly about the vaccines now driving the stock markets.

[Tomtom]

The British did a recent study that showed any antibodies developed are very short lived. You would likely require inoculation every few months to be effective.

[NeverQuestion]

September/October.. History shows most crashes happen around this time. I believe it is down to final quarter accounting. Where companies findout if they are still solvent.

[Panda-NZ-]

I've heard a theory that lockdowns in the US were good for the market because people were using the spare time to buy stocks on robinhood (a free platform which is similar to sharesies). Buffett stayed in cash during most of this time but it turns out the robinhood guys were spot on.

Not even the experts seem to know what is going on. still diversification always wins out.

[moka]

September/October.. History shows most crashes happen around this time. I believe it is down to final quarter accounting. Where companies findout if they are still solvent.

October/November is what Jeffrey Gundlach says for the crash.
https://www.youtube.com/watch?v=Hv9ZS5YmONU
22 min The Fangs and I include Microsoft = Supersix. Without the super six there is no earnings growth in the US stock market. There isn’t any for the past five years. If you take them out there is nothing and there is no earnings growth in small caps. So this is all being driven by price and not by earnings. Earnings have taken a humongous hit and earnings are the same as they were in 2016 when the stock market one about a third lower than it is today.

[bull....]

October/November is what Jeffrey Gundlach says for the crash.
https://www.youtube.com/watch?v=Hv9ZS5YmONU
22 min The Fangs and I include Microsoft = Supersix. Without the super six there is no earnings growth in the US stock market. There isn’t any for the past five years. If you take them out there is nothing and there is no earnings growth in small caps. So this is all being driven by price and not by earnings. Earnings have taken a humongous hit and earnings are the same as they were in 2016 when the stock market one about a third lower than it is today.

just like NZ MARKET being mainly moved higher by the ATM , FPH and few others just as concentrated in a few stocks masking the mediority and poor performance of a major part of the market.

makes you wonder why anyone would bother with paying fund managers anymore when the the market goes up everyday