Wulfschilde wrote:Right as the S&P 500 stabilized above 3,000 and the Nasdaq 100 over 9,500 too. Six months before an election. So curious
The stock is not the economy.
The fed have been pumping trillions of dollars.
Investors... actually really traders, because real investors do not make thousands upon thousands of trades like many of these people do are known for staying in the boiling pot for too long. They are more like gamblers than real investors to be honest.
Also, those indeces are heavily influenced by super large corporations that have not been hit that hard by the virus. Amazon, Apple, Microsoft, Walmart, Google they make like 20%+ and all of them are doing solidly because of tele-working/etc, this makes up for a huge chunk of the hit that the rest of the smaller companies are taking.
When you put speculation, printing money and a bunch of irresponsible gamblers to "work" and then you let them run free for a while, you are setting yourself for failure.
I highly suspect we will see a much bigger crash than what we saw early on. Who knows, maybe the protests will be the spark for that. We will see.