Economy is dying but market prices are going up?

[figmentofmyass]

If Jim Cramer is to be believed, hedge fund managers and others have utilized the media to control market prices for a very long time.

Hedge funds are into bitcoin since at least 2017. They use it as a reserve asset to cover their positions in the fiat gambling machines.

sounds bullish tbh.

The death rate from COVID-19 isn't all that high compared to other causes of death, so keep that in perspective.  Lots of people die from seasonal flu every year, and other infections, and all sorts of other causes.  It isn't as though coronavirus kills everyone who gets infected with it.

accounting for asymptomatic cases, it's probably 5-10 times as deadly as the seasonal flu. https://www.cnn.com/2020/03/30/health/coronavirus-lower-death-rate/index.html

the big difference is the long and intensive hospitalization that coronavirus requires. we're talking about weeks of hospitalization for like 20% of people who contract it. that's what all the panic is about---overflowing hospitals with a huge shortage of beds and ventilators, as well as protective gear for healthcare workers. if the curve isn't flattened, it could overwhelm the healthcare system.

[Meowth05]

I don't think that would be the case, there are still a lot of functioning businesses that is why there is progress, this economy plummet is just temporary problem it will be relieved and we just have to wait for it.

[NavI_027]

I have only two reasons that I think of prior to this happening:

1) Maybe because daytraders, whether whale or not, got more free time on their hands playing with their assets. Well, I am aware of the fact that many are getting infected across the globe everyday. However, it is reasonable to conclude that most of the number of cases came from the poor — those people who got weaker immune system due to lack of proper health care. So if you are rich or even just lying in the middle then most probably you won't get affected bu rhe pandemic. You have a very high chance to live "normally" (aside from staying at home all the time) like you used to thus have the ability to do your daily crypto business .
2) At the end of the day, crypto sphere is a different world after all and excluded from real world scenarios.

Nevertheless, let's cherish this moment. At least we knew that there are still good news coming behind all the miseries we are experiencing in the first quarter of 2020 .

[Findingnemo]

Not everyone in this world runs out of money due to lock down, probably who have lot of savings has the best opportunity to start investing again that is why after the crash the market seems recovering just because new people entering into the market.

[FanEagle]

Honestly they are not "bouncing back up" just yet, they are simply reacting to what has government acted like and the whole world knows that a republican ruled USA with both president and the senate majority, they will do absolutely everything in their hand to recover from this for the big banks, they would rather have millions of people dead on the streets, riots everywhere and people killing each other for food, as long as the corporate america could make a dollar out of it.

This means, since we all know that they will do anything to make a profit and not let any of those companies down, that means we could invest, maybe tomorrow maybe a year from now or maybe some further time line, eventually there will be a time when these corporations will recover with government help, so why not put some money into it and wait.

[imstillthebest]

strange isnt it ? it happens all the time on all kinds of crisi like disasters , wars and now pandemic .

i think the simple explanation to that is because stocks/items now are hard to produce and also now indemand   so they dont have a choice but to up thier prices  but for me i agree with you op , they shouldnt still do this idea because many people suffers more evenly .

not only on regular stocks but crypto markets are now coming to rise too but that is fine and not really a problem

[perfect999]

Man the prices going up is something I really can’t explain. Market prices has recovered just a bit. Bitcoin started recovering after falling to as low as $3900 and then it started recovering despite that the pandemic is still on. I can’t tell why the price has been going up at this time and that’s the same thing with other markets like Tesla, Gold, and Silver.

I don’t know why the market went up a bit, and I have tried to do my research and discover the factors behind this but I couldn’t come across any valid reason. Let’s just take it that the price is simply going up lol.

[Negotiation]

This is not a problem but if the economy dies and the market prices rise  then working on crypto can improve the economy of a country  But if both of us die together everything will be damaged and development is not possible. The market has been a lot better than ever before.