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Jun 4, 2020
2:10:34pm
rad dawg All-American
Fed Money
9 out of 10 answers you will get when asking about any rebounding stock right now will say "optimism" or "opening up". We just printed trillions of dollars and artificially propped up everything. That is the the only reason stocks are as high as they are. Sure we would see jumps from businesses back open but not like this.

Continuing jobless claims are still extremely high and so are new claims. If there was truly so much optimism in the market we would not be seeing huge unemployment numbers still. Businesses have no reason to keep letting people go so late in the game with things now opening back up unless they are not rebounding as expected.

My point in all of this is there will be plenty of opportunity to buy in the next months and maybe even years. The v shape we all hoped for is simply not materializing.
rad dawg
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rad dawg
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Nov 7, 2010
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Apr 25, 2024
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