The market has advanced so fast during the pandemic that it almost seems blasphemous to be bullish.
Stock market investors are looking beyond the tragedy to a future in which coronavirus doesn't pose a global threat. Shame and fear effectively deters action that goes against the prevailing grain, but how does that relate to the stock market?until March 23, on recognition, mixed with understandable panic, that the coronavirus' global spread would overturn every economy in the world, killing hundreds of thousands, if not millions, along the way.
Nevertheless, the market shook off warnings of policymakers and pundits who are certain that reopening should be both glacial in timing and conditional on universal testing or an effective vaccine — which are both many months, if not years, away. Stocks have steadily scaled a wall of not just worry, but intense fear of insensitivity to the suffering around us. The implication is that investors believe that the wall was too high and the market was too pessimistic in late March.
30 mil. Walking the street's i see a bright future...
Free market is dead, long live the Fed market.
Nope.. investors are betting on a thefed put
The market is bat shit crazy right now.
V
They say never bet against Vegas.
Fuck investors
With every passing day, more of those jobs are gone forever
The market is stupid.
Nobody listen to these people. They have no clue. Fear mongering.
The Fed is holding this together!!
Yes because companies will be leaner and more efficient and long term more profitable, they can pick and choose the employees they hire back as it will be a labor buyers market, get more used to online exposure and less travel and all at less cost.
Are they? Which investors are these?
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Source: WSJ - 🏆 98. / 63 Read more »