The coronavirus pandemic has upended expectations for corporate earnings and economic growth, so obscuring the outlook for financial markets that some investors say it is as if they are flying blind.
In ordinary times, many investors consider earnings projections a critical factor in determining what shares are worth and look to forecasts for metrics such as gross domestic product to gauge the health of the economy.
Ahh. *Takes another swing at the efficient markets theory*
What earnings ? 95% of Americans been in quarantine last 2 months.
It is so true that many investors say they hesitate to jump back into the market when so much remains unclear, but they also fear missing out if stocks keep climbing. Sticked between bear and bull.
wright1000 What is sad is the growing disconnect between business and society; 30% rally in stock although US report 30% unemployment.. what is the actual role of business? Why do we bail them out?
Stock market looks at the future, not the past.
Worry about your character, not your reputation. Your character is who you are and your reputation is what others think you are.