Jump to content



Photo

Huge Comeback.


  • Please log in to reply
9 replies to this topic

#1 OEXCHAOS

OEXCHAOS

    Mark S. Young

  • Admin
  • 21,998 posts

Posted 29 October 2020 - 01:03 PM

Q3GDP2020.jpg


Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter


#2 tsharp

tsharp

    Member

  • Traders-Talk User
  • 1,487 posts

Posted 29 October 2020 - 01:42 PM

YUGE!!!



#3 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,863 posts

Posted 29 October 2020 - 01:47 PM

yin and yang at play

 

While many businesses are going bankrupt, others are booming!

 

I have a friend who sells Lexus autos. He's having a record year.

RV sales are at record highs and many on back order.

My granddaughter sells high end appliances. Record year for her even though they are now dealing with a limited supply of remaining stock!.

"NOW HIRING" signs are seen throughout town.

 

So while some restaurants and airports are ghost towns, grocery stores struggle to keep the shelves stocked and are begging all of those restaurant workers to come to work fill online grocery orders.

 

Rental Car businesses are often out of availability because of people driving rather than flying.

Empty Airplane coming back from Florida this past September.

Empty-plane.jpg


Edited by Rogerdodger, 29 October 2020 - 01:49 PM.


#4 CLK

CLK

    Member

  • Traders-Talk User
  • 10,787 posts

Posted 29 October 2020 - 02:06 PM

33% when every qtr of the last 3 years was less than 5%, I don't think it's accurate, either they changed how they calculate it,

or it will be revised down at a more convenient time.



#5 steadyquest

steadyquest

    Member

  • Traders-Talk User
  • 772 posts

Posted 29 October 2020 - 02:30 PM

100 - (100 x 0.05) = 95

95 - (95 x 0.314) = 65.17

65.17 + (65.17 x 0.331) = 86.74

 

Even after all the injected monopoly money GDP is still down more than 13%?  Didn't know the situation remained so dire.  Wonder what the future holds.

united-states-gdp-growth@2x.png?s=gdp+cq



#6 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,863 posts

Posted 29 October 2020 - 03:23 PM

Great graph... but is it a bit visually misleading?

 

Isn't GDP actually DOWN 13.26% from 3 months ago?

 

If a stock loses 5% and then loses another 31.4% but then regains 33.1% (of that loss) It's still in the hole 13.26%.

 

$100 less 5% = $95

$95 less 31.4% = $65.17

$65.17 + 33.1% = $86.74

 

$100 - $86.74 = $13.26 loss = DOWN 13.26% from $100


Edited by Rogerdodger, 29 October 2020 - 03:28 PM.


#7 CLK

CLK

    Member

  • Traders-Talk User
  • 10,787 posts

Posted 29 October 2020 - 03:48 PM

I see it's QoQ, so not too far off, but I don't think it's bullish, we didn't gap down 100 from 3400 for nothing.



#8 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,863 posts

Posted 29 October 2020 - 05:07 PM

"I see it's QoQ"

Yes. But still down 13.26%

 

And still crazy times we are living in.

.


Edited by Rogerdodger, 29 October 2020 - 05:12 PM.


#9 CHAx

CHAx

    Member

  • Traders-Talk User
  • 1,614 posts

Posted 29 October 2020 - 05:11 PM

"I see it's QoQ"

Yes. But still down 13.26%

 

And still crazy times we are living in.

You can "protest" by the thousands but can't have your family for Thanksgiving.

 

All gatherings must include no more than three households, masks must stay on after eating and drinking and singing, chanting and shouting are "strongly discouraged."

From Gov. Newsom and California Department of Public Health

.

 

And you think its nuts in the US?  Look at what they are doing in Europe.  2nd set of Lockdowns, for a flu virus?  



#10 CLK

CLK

    Member

  • Traders-Talk User
  • 10,787 posts

Posted 29 October 2020 - 05:49 PM

 

"I see it's QoQ"

Yes. But still down 13.26%

 

And still crazy times we are living in.

You can "protest" by the thousands but can't have your family for Thanksgiving.

 

All gatherings must include no more than three households, masks must stay on after eating and drinking and singing, chanting and shouting are "strongly discouraged."

From Gov. Newsom and California Department of Public Health

.

 

And you think its nuts in the US?  Look at what they are doing in Europe.  2nd set of Lockdowns, for a flu virus?  

 

 

 

This will most likely be around for years.  I'd rather see 1600 at this point than take 6-12 more months to slowly reach 4000.