that it's unlikely a second wave of the coronavirus would derail the stock market's march upward.
"We're not anywhere getting near down those March lows. A little pause if we get that wave, but I don't think it's going to really stop the longer-term momentum," the Wharton School of Business professor of finance said.Siegel stressed that the forward-looking nature of stocks and the continued liquidity provided by the Fed will be a"really powerful force" for the market's drive upward.
"That's why you could have a U-economy, a W-economy, and you can still have a V-stock market. Because of that forward looking component," the professor said. According to Siegel, 90% of the value of a stock depends on its earnings more than 12 months in the future. He also discussed the popular debate about whether investors should buy more tech stocks or pivot into cyclical stocks as the US begins to recover.Siegel said he believes that even if cyclical stocks outperform the market next year, it doesn't mean that tech stocks have to go down. The coronavirus pandemic has demonstrated to the economy how important tech is, and Siegel does not think that's going to go away.
Time to fade....lol
Of course, the rich HV to make money, on the dying, numbers too
There will not come a second wave, the pandemic is over by now and is being kept alive deliberately.
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Crazy if we get 2nd wave it will be for the whole flu season and then the market will look forward to the possibility of another possible wave with no vaccine and experimental treatments and think of the damage to global economies
He is bullish by default even if we were in the middle of a nuclear war
Welp, market bubbles will remain inflated, as long as the Fed keep shoving money at it. Without that (socialist) support, reality will set in.
He looks like a bald Alan Dershowitz
September 1st GeneralStrike might do some damage.
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