1) U.S. real unemployment rate passes 23.9% with 2.1 million weekly jobless claims, 40.7 million total claims for benefits, insurance. 2) Covid-19: USA: 1,827,425 (24,955 New Cases) TOTAL DEATHS 106,202 (1,045 New Deaths*) see https://www.cdc.gov/coronavirus/2019-ncov/cases-updates/cases-in-us.html 3) Grim economic outlooks: a) https://www.cbo.gov/publication/56351 b) https://www.thebalance.com/us-economic-outlook-3305669 c)The EU economy is forecast to contract by 7½% in 2020 and grow by around 6% in 2021. Growth projections for the EU and euro area have been revised down by around nine percentage points compared to the Autumn 2019 Economic Forecast.May 6 202 https://ec.europa.eu/commission/presscorner/detail/en/ip_20_799 d) https://www.marketwatch.com/story/imf-isnt-convinced-the-global-economy-can- shake-the-great-lockup-by-2021-2020-04-14 4) The George Floyd Protests across the Nation/World What else needs to be broken? Still it keep going up... Please help me to understand why (... I think I know the answer, but would like other to chime in ....)
Artificial fed propping it up, I'm patiently waiting for the inevitable crash. Rally makes no sense, but I'll trade it til it reverses
The most bullish thing a market can do is go up in the face of doubt, negative headlines and bearish sentiment.
Well, you seem to be one of those people who (therefore) would love to buy here (at 313) the spy... But the question remains ..why — What do you see there to warrant your projection of 380 ??
THE ONLY THING THAT MATTERS IS THE FEDS BALANCE SHEET Stop trying to make sense of it. Unemployment, earnings, PE’s, Covid, riots, China, election, whatever. None of it matters. Read the top line again and let it sink in. The Fed will not let the market go down. For 12 years they have stepped in at every minor hiccup. The day they said they would buy JUNK BONDS they announced there is ZERO RISK.
Instead of asking why... Join the bull and make$. Market is not economy. U can have the worst unemployment number and market hits all time high.