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| Protests Are Raging in America's Biggest Cities. So Why Is the Stock Market up? |
| 2020-06-04 |
| [Money] America seems like it’s on the verge of collapse. But not the stock market. On Monday, as cities around the U.S. grappled with clashes between racial justice protesters and police, and looting went all but unchecked, the Dow Jones Industrial Average closed up 92 points. Tuesday it was up another 150 points in midday trading to 25,630, the highest point since mid-March. The stock market’s placid reaction may seem incongruous at a time when, to anyone watching cable news or reading a newspaper, the U.S. appears to be in the middle of national emergency . But while the stock market can at times seem like a daily national temperature gauge, investors (many of whom, it’s worth noting, aren’t American) don’t necessarily think the way the rest of us do. With the caveat that no one knows exactly why the market does what it does, here’s why investors are likely ignoring the turmoil on U.S. streets. |
| Posted by:Besoeker |
| #13 No place safer to put their money? |
| Posted by: trailing wife 2020-06-04 23:42 |
| #12 For a select fee, war is very profitable |
| Posted by: Rex Mundi 2020-06-04 16:05 |
| #11 I think it's fairly simple. The rioting will not go on forever and the cessation of open hostilities may well signal the real start of a recovery. Ergo, if things are just that bad now, they are bound to change and probably for the better in the future so it pays to buy now for investors. |
| Posted by: Cesare 2020-06-04 15:40 |
| #10 Weren't the Sixties a great time for the market too? |
| Posted by: charger 2020-06-04 14:59 |
| #9 and the rioters are no longer unemployed of course. |
| Posted by: Skidmark 2020-06-04 14:22 |
| #8 Rebuilding means cement and glass sales. Companies buying up depleted stocks. Massive rebuilding contracts. Wall Street has no morals about these sort of things. |
| Posted by: rjschwarz 2020-06-04 11:11 |
| #7 Going long on plywood and glass |
| Posted by: Frank G 2020-06-04 09:49 |
| #6 The riots ensure the Trump re-election, and the markets applaud. |
| Posted by: b 2020-06-04 09:13 |
| #5 Protests Are Raging in America's Biggest Cities. So Why Is The Stock Market Up? Perhaps the torching of the 'Biggest Cities' is seen by the market as beneficial to the economy ? |
| Posted by: Besoeker 2020-06-04 09:10 |
| #4 We all know that antifa is backed by deep pocket leftists. If the right people can be made to squeal, the subrogation on riot damage claims will be - a riot! |
| Posted by: M. Murcek 2020-06-04 06:39 |
| #3 Yes, the profitable corporations that will not return to those hell hole areas will just see their EPS go up. And the cleared land will eventually be gentrified and returned to the tax rolls. |
| Posted by: M. Murcek 2020-06-04 06:37 |
| #2 Stock market is up as these people create zero wealth and eat it. Them burning their own doorsteps makes zero difference to Wealth creation in America. You just need to see the negative effect on land pricing from having concentrations of these cultural preferences nearby. |
| Posted by: Bright Pebbles 2020-06-04 04:32 |
| #1 You're either an inside trader or a sucker? |
| Posted by: g(r)omgoru 2020-06-04 04:06 |