Unemployment DECREASED by 2.5 million!

[disneysteve]

Nope I don't think so. A lot of people thought Q1 was good but not realizing it barely counted the shut down. I think that people glossed over how bad the shutdown is and how bad the recovery will be. Everyone thinks it'll be quick I think it'll be slow.

How can people be so blind to what's going on? The shut downs didn't start until mid-March, and even later in some places. Q1 was just about over. It's Q2 that will be most impacted by the COVID situation. Those numbers are going to be among the worst we have ever seen. The whole country was pretty much closed for the entire quarter. Q3 should be better as things are now reopening and Q4 even better.

[Singuy]

How can people be so blind to what's going on? The shut downs didn't start until mid-March, and even later in some places. Q1 was just about over. It's Q2 that will be most impacted by the COVID situation. Those numbers are going to be among the worst we have ever seen. The whole country was pretty much closed for the entire quarter. Q3 should be better as things are now reopening and Q4 even better.

That was a pump and dump, making money on the back of retail investors who are all about FOMOing. I was convinced the crazy run up after the job report was too good to be true because it made absolutely didn't make sense. I was more bullish on travel/entertainment in the beginning of all this because of China and South Korea's social distancing measures dramatically decreased new case numbers so much that it was near eradication. The U.S of course made all this political so half the voting population think you are a crazy anti - Trump libtard if you wore a mask. That and in conjunction of our numbers not doing any better after the initial lock down month, I've dumped all my CCL and 90% of my Disney stock in favor of digital ecommerce.

Telling you typical investors doesn't know what they are doing and the average return is 2%.

[LivingAlmostLarge]

How can people be so blind to what's going on? The shut downs didn't start until mid-March, and even later in some places. Q1 was just about over. It's Q2 that will be most impacted by the COVID situation. Those numbers are going to be among the worst we have ever seen. The whole country was pretty much closed for the entire quarter. Q3 should be better as things are now reopening and Q4 even better.

I wouldn't be so sure about it. I feel like q3 and q4 will be "okay" but i suspect it's going to be a lot lower than people think because people are really losing jobs. Not just coronavirus jobs but the market is long in tooth and companies are still doing buybacks? And there are serious layoffs of "white" collar jobs that aren't coming back.

[disneysteve]

And today the seesaw rocks the other way with the Dow up over 600 points right now. AAL is up over $2.50.

Volatility is the norm in this market. You can't get hung up on the performance one day or the next. Just hang on and try to enjoy the ride and look ahead 5 years.

[kork13]

And today the seesaw rocks the other way with the Dow up over 600 points right now. AAL is up over $2.50.

Volatility is the norm in this market. You can't get hung up on the performance one day or the next. Just hang on and try to enjoy the ride and look ahead 5 years.

^^ 110% --- Look long, and ignore the noise. Dow jumped up ~700 points, and is now rapidly sliding back down. Volatility reigns, but you only get hurt if you jump off the ride.

ETA: I just noticed that my weekly Roth IRA purchase went through yesterday, so we got a bit of a discount on those shares -- hooray! This crazy volatility is exactly why I moved from twice-monthly Roth IRA investments to weekly investments... Ride the rollercoaster, and just keep adding money to take advantage of the brief ups & downs. Of course, our Roth IRAs are almost maxed out for the year, since we also accelerated our contributions to catch some of the down market -- which worked out generally well I think. The long-term view is much rosier than the short-term.