4 ms·
I’m watching in disbelief at the stock market making a V shaped recovery. Nasdaq is only a few percentage points off it’s all time high. I guess don’t underest
by tempsy 6y ago
I’m watching in disbelief at the stock market making a V shaped recovery. Nasdaq is only a few percentage points off it’s all time high.
I guess don’t underestimate the American consumer even at a time of economic uncertainty? I don’t know how else to explain record sales from Tesla, Facebook, and Microsoft today.
- ashtonkem 6y agoMassive infusions of cash from Congress & the fed will do that for you. It’s far, far, far too early to draw conclusions about long term recovery.
- Twixes 6y agoAs always, the capital owners just have their significant net worths temporarily reduced by 10-18% (looking at NYSE/NASDAQ/LSE) while millions lose 100% of their paychecks.
- Obi_Juan_Kenobi 6y agoDon't lose sight of reality; business closings left and right, layoffs, pay cuts, etc. Don't let the zero-hedge crowd turn you off to arguments about funny-money from the fed. This is a fairly predictable result. Fed supplies money. Money has to be put to use. Where is productive capital? Interest rates are itty bitty. Stocks look high but .. what else to do? Risk buying high now or inflation later. But this can only remain decoupled from the economic reality for so long.
- tempsy 6y agoOutside the stock price movement the earnings today were all good though. Advertisers still seem to be spending money on ads, even into April.
- renewiltord 6y agoWhen do your shorts expire?
- nostrebored 6y agoWhen does your argument show up?
- renewiltord 6y agoThere is no argument since there is nothing to argue with. It's a nonsense prediction with little real analysis and is simply the product of the emotional desires of the writer. One might as well read the Sunday horoscope.