DJIA up 40% since bottoming out on March 23. That’s only NINE weeks ago.
Who had the courage to jump in then?
Almost a complete disconnect from reality. I get the markets are pricing to what they are expecting from the economy, but I don’t know how you can ignore the extended lockdowns and business closures and property destruction due to rioting.
a lot of cash still sitting on the sidelines, from stimulus to savings...
of course Wall Street is not the economy, but an indicator of future earnings and performance.
there’s also a lot of pent-up demand in the economy, particularly for services (resturants), demand that can only be satisfied by increased labor.
Can’t wait for COVID-20, I’ve made $150k off of the “V”. Next big thing is 5G in the Fall.