News for hackers. Stuff that matters.
Re:Why is the stock market rallying when the economy is so bad? by IAmGraydon on Sunday May 10, 2020 @03:59PM (#23135625)
For a short time, the market envisioned the apocalypse. That’s what the media was selling, and enough market participants bought it to temporarily cause a sell-off. Also, consider that a very large percentage of market trading is algorithmic. In this sort of situation, they often amplify the panic by detecting human panic in the market and automatically selling.
Re:Why is the stock market rallying when the economy is so bad? by bamboozled on Tuesday May 12, 2020 @06:10AM (#23152359)
I don’t get this argument though, I have shares and I don’t think the apocalypse would make me sell them, what good is all of that cash ?

The only people who should worry would be those who have all their savings in their share market, and I doubt the majority of share holders have all their money invested.

Not sure this checks out. I’d sell because I’d hope to buy once we rescued the bottom though.