Quote:
Originally Posted by Jordan's World
Dow nearing 26k: I'm an extremely optimistic person, but not this optimistic. There's no way we hold these levels until the end of the year unless there's another significant stimulus.
GDP shrank by about 27% during the great depression and economists are expecting a 30% contraction in Q2. I understand the fundamentals are different here, but if history repeats itself, we’re just getting started.
Keeping my piggy bank topped off for now.
How The Current Coronavirus Stock Market Compares With Great Depression & Great Recession Markets
https://apple.news/ArIuqMTdRSXO7Y09NmNhKGQ
https://dashboards.trefis.com/data/c...e=trefis200528 |
Combination of PPP money, people getting $1,200 + $600/week and fed buying junk bonds/etf's.
In addition, it's the government's way to save
most corporations. They pump up the market, offset balance sheets of the ones that are save-able and let the rest get acquired by bigger boys that have the cash flow for it.