Re:Yelp lays off 1000, furloughs 1100
by BozeWolf on Thursday April 09, 2020 @10:49AM
(#22823061)
It has been like this for days. Super weird, of course there are explanations, i am just not sure if they are correct.
So apparently the fed announced more financial measures. Which might cause some optimism. Also rumour has it there is a chance that the oil 'crisis' will be solved.
Also investors might be short sighted and think this will only take a few months. Who knows.
To me it feels totally incorrect, reading all the other news would mean stocks should go down. This crisis is a bit different though, it is not a financial crisis, which takes a while until it hits the real economy. I think nobody is entirely sure what is happening.
So apparently the fed announced more financial measures. Which might cause some optimism. Also rumour has it there is a chance that the oil 'crisis' will be solved.
Also investors might be short sighted and think this will only take a few months. Who knows.
To me it feels totally incorrect, reading all the other news would mean stocks should go down. This crisis is a bit different though, it is not a financial crisis, which takes a while until it hits the real economy. I think nobody is entirely sure what is happening.