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Stock market is forward looking. It priced in vaccines last spring. Now it is pricing in a complete economic rebound and return to normal this year. Look at com
by wtf_is_up 6y ago
Stock market is forward looking. It priced in vaccines last spring. Now it is pricing in a complete economic rebound and return to normal this year. Look at commodities, yield curve steepening, flight to airlines, cruise lines, etc and away from WFH tech that got overbought post-Covid.
- ramblerman 6y agoWell I guess it's forward looking ... until it isn't.
- wtf_is_up 6y agoRight. It's forward looking, based on data available and projections. Doesn't mean it's always correct.