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Personal Finance and Investing

Steelrolled

(2,022 posts) Wed Jun 3, 2020, 04:27 PM Jun 2020

2

S&P now only 8% down from the peak, up nearly 40% from the bottom [View all]

The recovery has not been "V shaped" but pretty close. I think traders are getting used to COVID-19. I'm still nervous, but will not be pulling money out. During the darkest days, I just had to plug my ears and say la-la-la.

ADP and Moody’s Analytics reported private payrolls fell by another 2.76 million in May. The ADP number was far less than the 8.75 million estimate. Data from the Institute for Supply Management showed the U.S. services sector contracted less than expected, rebounding from an 11-year trough.

https://www.cnbc.com/2020/06/02/stock-market-futures-open-to-close-news.html

6 replies

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S&P now only 8% down from the peak, up nearly 40% from the bottom [View all] Steelrolled Jun 2020 OP

NASDAQ down less than 2% from the peak FBaggins Jun 2020 #1

Another example of why staying in the market PoindexterOglethorpe Jun 2020 #2

Hopefully investors will be able to swallow vastly higher P/E ratios than those before the crisis progree Jun 2020 #3

S&P 500 has left "pull back" territory, which was between 5% and 10% down. It's now 4.5% progree Jun 2020 #4

S&P 500 back in "pullback territory", and also negative again year-to-date progree Jun 2020 #5

NASDAQ briefly hit 10000 and (I think) closed at a record high Steelrolled Jun 2020 #6

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