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Won't alter the price very much, as the institutional boys following this would have assumed it would happen. The market is very decidedly not the economy. Eve
by dilandau 6y ago
Won't alter the price very much, as the institutional boys following this would have assumed it would happen.
The market is very decidedly not the economy. Everything indicates disaster for the gdp, which is a measure of economy. But the market is sitting about where it was 1 year ago. People expect that America is going to pull through. Sentiment may change but right now its pretty bullish. Lots of retail investors driven by FoMo, of course, and people who rushed in to buy the dip. Google trends is illustrative of the point.
But I think the corporate debt, unemployment, a possible trade war, supply shortages, and eventual bankruptcies are going to send it back down at some point.