Hilarious. Do you really think the ceo of apple would really opt for any other recovery besides the infamous "v" shaped recovery....thought so,, biggest crisis in world history and everything is all about a "V-shaped recovery. Trump says he talked to Apple CEO Tim Cook, who predicts a V-shaped recovery after coronavirus PUBLISHED FRI, APR 24 20201:09 PM EDTUPDATED 20 MIN AGO https://www.cnbc.com/2020/04/24/trump-says-he-talked-to-apple-ceo-tim-cook-about-coronavirus.html
Well then the swoosh recovery would mean historical highs by end of 2020 into 2021 and also the W would as well create historical highs within 6 months.
Not even this news was negative for equities A slew of new studies are raising fresh doubts on whether malaria pills should be used to treat the coronavirus, and a top US health agency just warned against widespread use https://www.businessinsider.com/stu...4?utm_source=notification&utm_medium=referral
Have to laugh at all the talking heads and analysts. They all said the same thing in early March “Q1 earnings don’t matter”. Then mid March “Q2 guidance doesn’t matter”. Then late March “2020 is a throw away year”. Now it’s “we are looking ahead to second half of 2021”. It’s all bullshit. Zero rates and endless bailouts and stimulus is all that matters.
Yea alllllll of the sudden guidance doesn't matter, how about wallstreet just washes away all forecasts, why don't they just eliminate all quarterly earnings for that matter. Aside from this, as I mentioned before, eanings for the next 3 to 4 quarters are going to be so nasty that analysts already have low balled results that no matter how long the economy is at a complete standstill they will beat every time, and if they don't beat on earnings it still won't make a difference because wallstreet will just say hey the economy was shut so we understand the total miss on eps and revenue and that since it's a V shaped recovery you'll just make it up in the next earnings round.
That is most certain. And to think I thought he was a hawk and not a dove like the last 3 !!! Wallstreet, the rich and the extreme wealthy never have to worry about their assets as they are always protected by the fed and their free trillions!!!!