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The markets seem to wildly yo-yo with every piece of negative and positive news. Case in point: Zoom is currently down 10% but I’ll bet it will have rallied by
by untog 6y ago
The markets seem to wildly yo-yo with every piece of negative and positive news. Case in point: Zoom is currently down 10% but I’ll bet it will have rallied by the end of the day.
- gustavf 6y agoI'll take the other side of that bet.
- Zenbit_UX 6y agoIt's more than zoom, everything that's gone up from the pandemic is dropping: amzn, meli, jmia, se, shop, sq. The markets had them valued at a premium due to their monopolies in the pandemic but retail stocks are now trending up premarket: bbby, etc.
- untog 6y agoMy point is that all of this is gut reaction to a headline, not a nuanced analysis of vaccine efficiency, roll out plans etc etc. Things could turn right around again once those details are resolved.
- TomGullen 6y agoI don't think it's worth looking at individual stocks in this instance, and I think you're not understanding why Zoom would drop on good vaccine news.
- untog 6y agoI am absolutely understanding why Zoom would drop on good vaccine news. It’s not a complicated connection! My point is that the market overreacts to every piece of good or bad news, then settles down as the full implications become clear. There are still a lot of unanswered questions about the vaccine, how we handle rollout, etc etc etc. That’s not really considered in immediate reactions like this, it’s all gut feeling.