This is the most expensive time to buy stocks in 20 years

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The magnitude of the rebound on Wall Street has raised eyebrows given the extreme pain on Main Street

New York The US stock market stands 4% higher today compared to a year ago, despite the death and destruction unleashed by the coronavirus pandemic.

Although more than 80,000 Americans have died and over 33 million have lost jobs, Wall Street has swiftly recovered from the initial shock delivered by the health crisis. The S&P 500 has spiked 31% since the March 23 lows. Americans create new economic threat with their own savingsThe rapid recovery on Wall Street has lifted market valuations into ultra-rich territory. The S&P 500 now trades at 22.

 

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The Fed doing its magic, not a free market

Total garbage. The stock market all time high was in early February.

100,000 businesses closed permanently

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There are 6 reasons why Goldman Sachs sees the market dropping nearly 20% in 3 months'A single catalyst may not spark a pullback, but a number of concerns and risks exist that we believe, and our client discussions confirm, investors are downplaying,' a strategist said. Pro because too many ppl not believe in institutions anymore like cnbc coming twitter take attencion and ask for paying ? to read rest any kind of media must be paid by advertisers $120 a month to cables is ridiculous and now pay for read social media Pro I m bearish 😱 Pro Oh jeez. Goldman called a bottom a few weeks ago. Please stop. So tired of what Goldman thinks.
Source: CNBC - 🏆 12. / 72 Read more »