4 ms·
This is a big question for me too. I mean, the next quarterly results are going to be brutal, everyone knows that. The end of the pandemic is going to be a sl
by newacct583 6y ago
This is a big question for me too. I mean, the next quarterly results are going to be brutal, everyone knows that. The end of the pandemic is going to be a slow recovery like every other slow recovery, everyone knows that too. There's no magic way to make an economy "bounce" when doing that would entail getting a whole bunch of shuttered businesses back up and running.
Yet the market just doesn't show it. And I've seen no good explanations.
For myself, btw: I'm mostly in bond funds and cash accounts at this point. There just has to be another severe crash coming in the next few months.
- deleted 6y ago[deleted]
- birdyrooster 6y agohttps://news.ycombinator.com/item?id=23133086 https://news.ycombinator.com/item?id=23133086 I have rotated half into Gold ETFs and the rest into cash for the next few months to do some bearish options trading.
- newacct583 6y agoYou do realize that gold crashed along with everything else in March, right?
- birdyrooster 6y agoGold took a tumble in March but it was nowhere near as bad as the DJIA and the charts bear this out. Also the monetary supply has significantly increased since then which and gold is not strongly dependent on retail consumer demand or other short cycles where uncertainty is injected. While Apple still has to operate and sell phones during the pandemic, Gold just sits there with all of its glorious potential.