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Oct 30, 2020 - 11:44:07 AM
31940 posts since 3/5/2008

Is pretty impressive...

Oct 30, 2020 - 12:09:56 PM
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1356 posts since 2/4/2013

Not really. When an economy has shrunk by 31% and it reopens you'll get a big jump. You need about 46% to cover the downturn. We had a big jump, Eurozone had a big jump. Next time the figures were released the increase was much smaller and many are expecting it to shrink next time.

Oct 30, 2020 - 12:13:16 PM
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6467 posts since 2/9/2010

The Dow Jones index has tanked during the past 2 days. It all depends upon who your ask.

Oct 30, 2020 - 1:02:15 PM
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Players Union Member



14481 posts since 6/30/2015

Originally posted by donc

The Dow Jones index has tanked during the past 2 days. It all depends upon who your ask.

Wait till Wednesday.  That's when I plan to buy. 

Oct 30, 2020 - 1:06:26 PM



31940 posts since 3/5/2008

One buys when one expects it to go up.. ;0)

Oct 30, 2020 - 1:51:05 PM
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9236 posts since 10/5/2006

We're still in autumn, countries are one-by-one being compelled back into total lockdown and there's the prospect of a very long, hard and deadly winter ahead.

I'll save words like 'impressive' for the care workers who actually deserve it.

Edited by - m06 on 10/30/2020 13:52:55

Oct 30, 2020 - 2:28:05 PM
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4826 posts since 10/6/2009

The net GDP for the country this year will be historically tragic and that's not all. Jobs lost, income decreased substantially, businesses closing, huge local, state, and federal deficits. Infrastructure a disaster, and now a new wave of increasing virus cases and hospitalizations. The stock market is correcting for the lack of virus containment. The US economy is in for more of a tough stretch and "snapshot" numbers mean absolutely nothing. Maybe by Q2 or Q3 we will see some real growth again.

Oct 30, 2020 - 3:23:31 PM
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6581 posts since 7/24/2013

It’s only impressive to a very specific news organization when offered devoid of context. We’ve also had the worse Dow run since March. One negative thing, one positive thing, neither actually matter to the economic reality of the vast majority of Americans.

Oct 30, 2020 - 6:39:45 PM

Lynne (Moderator)


5077 posts since 3/3/2003

Political, locked

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