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>Now, after one of the longest bull market runs in history, the road ahead is again uncertain. The rumors of this bull market's death have been greatly exagger
by aphextron 6y ago
>Now, after one of the longest bull market runs in history, the road ahead is again uncertain.
The rumors of this bull market's death have been greatly exaggerated. The DJIA is still up over 18% over the last 3 years, or ~6% annually; barely a percent below average. The NASDAQ 100 has almost completely recovered its' losses from the initial COVID-19 crash. Major drivers of the market over the last 10 years like $FB, $AMZN, $MSFT, and $AAPL are through the roof. Granted that a lot of this is fed meddling, and yes a lot of people from the service and hospitality industry are out of work, but the primary engine of our economy is humming along. I would not be surprised to see a record Q3 this year.
- okareaman 6y agoHave you considered the possibility that momentum carries forward for a bit like Wile E. Coyote running off a cliff and hanging in the air for a moment before plunging? If consumers can't afford to spend then why advertise, why buy a new smartphone?
- rswail 6y agoAmazon's marketplace and delivery service have a "captive" market due to the closure of bricks and mortar retail. The general move to the cloud rewards AWS/GCP/Azure with the two primary "winners" currently being AWS and Azure. This will continue as companies move to the cloud, but expect there to be a flattening of growth. As for Facebook and Google, they rely on advertising, which relies on consumption. When there is 10+% unemployment and 20+% underemployment, consumption is highly likely to at least flatten if not fall off a cliff, particularly in elective consumption like high end electronics. The share market is not indicative of the economy and is a lagging indicator of company revenues.