4 ms·
It seems insane to me that the market is now higher than it was at the end of 2018, given that entire sections of our economy are closed, default risk for almos
by nostromo 7y ago
It seems insane to me that the market is now higher than it was at the end of 2018, given that entire sections of our economy are closed, default risk for almost every business is up, and unemployment claims are making new record highs.
In 2018 the fed was reducing their balance sheet - which seems to be the most important driver to equity prices rather than fundamentals.
- 6510 7y agoIf I look at people buying the other zoom I cant help but think the stocks might have little relation with reality. Or put comically: I'm sure all video games are seeing a surge in players with people in self-quarantine.
- bluGill 7y agoNot to me markets are a 10+ year term investment, in 10 years this will be a memory and things will be back on track
- icedchai 7y agoYep. 2008 was the time to get in cheap. This is the same thing.