Stock of the Day
Stock of the Day
Out of context: Reply #169
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- zarkonite0
https://www.cnn.com/2020/06/30/i…
It has been a rough quarter for the US economy, with the country plunging into a pandemic-fueled recession. Yet the stock market is alive and kicking — in fact, it's having its best quarter in more than 20 years.
The Dow (INDU) recorded its best quarter since the first three months of 1987 with a 17.8% jump, while the S&P 500 (SPX) logged its best quarterly gain since the final three months of 1998, climbing 19.9%.
The tech-heavy Nasdaq Composite (COMP) lagged only slightly behind, with its best performance since the fourth quarter of 1999, soaring 30.6%.
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Looks like a basically followed the market, should have just gone with an index fund LOL. It's gonna correct hard!
- Yeah, I think there will be a new bottom soon enough. The variable now will be how much the Fed/Congress pump into the economy.formed
- They just extended PPP until Aug 8th, so that pushes some things off. Unemployment will be next.formed
- Absolutely insane. The whole stock market is now Bitcoin.sarahfailin
- All its value exists because we say it does.sarahfailin
- ^ pretty amazing eh? it's like a race between reality vs the money printing press.zarkonite