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Odds are the stock market comes back, CARES put in a decent amount of backstops for things like the mortgage industry and other 'big' sectors do they'll have av
by yagi_baba 6y ago
Odds are the stock market comes back, CARES put in a decent amount of backstops for things like the mortgage industry and other 'big' sectors do they'll have available capital as we come out of this to start doing things that make their stocks more attractive. Also generally speaking good odds that industries like airlines and such can successfully lobby for more bailouts. So I buy the S&P will be up and we'll just all be ignoring the total gutting of small businesses.
Plus if say you're a chain restaurant right now, the future probably looks bright. You had the credit to weather a year of takeout only. Meanwhile three of the four family restaurants nearby that you competed with are dead and gone.
Basically very few folks who trade on the S&P went out of business, but a lot of their competitors did. Sure you'll have an entire cohort of newly impoverished that can't spend, but a bunch of your competitors went away. Going to be one of those summers where my ETFs are going up at the same time the food pantry is seeing record usage.
- enchiridion 6y agoThe stock market is at an all time high...
- latchkey 6y agoNot all stocks. The market is heavily disproportionate to fewer stocks than before and shifted to different industries. Some which are still struggling. For example, RDS.B.
- LeonB 6y agoThe stock market is very much not “the economy”
- ur-whale 6y ago>The stock market is at an all time high... More like the USD is at an all time low
- WanderPanda 6y agoWhy is this downvoted? I think this is a reasonable way to think about it. Asset price inflation seems to be a real thing