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Do you think the market is appropriately pricing risk? Do you feel the economic outlook and prospects for growth are the same now as they were in June 2019 whe
by pbourke 7y ago
Do you think the market is appropriately pricing risk?
Do you feel the economic outlook and prospects for growth are the same now as they were in June 2019 when the S&P 500 was at a similar level?
Honestly I think the jury’s out on whether double-digit percentages of the S&P exist in their current form 2 years from now, even with the US government interventions.
- starbugs 7y agoAgreed. Price discovery feels broken to me. Maybe it is because of the FED interventions. Infinite is infinite, right? Perhaps the market is pricing in inflation instead of real growth? Perhaps it's because there's literally no other way of investing your money right now? It's really become hard to say. The downturn in the previous weeks seems to be way too weak given the current circumstances.