powell economic forecast wasnt good yesterday , but on a positive he didnt think stockmarket was a problem. mnuchin saying they wont close down US again even if they get a second wave.
airlines , banks , hotels , cruiselines , retail reits , energy some of the hardest hit today. the ones most affected by covid in reality
U never know bull....so many newbie joined OCA club.....the fundies all cashed up already....so...if one sheep running to the cliff....the rest will follow
COVID-19 is far from over, new cases continue to hit record highs globally, and a lockdown based decline in NY is masking strong increases in many US states such as Arizona, California, especially those that have "opened up"
A decision to shut down for a second time will be far more difficult and psychologically damaging. Dark days ahead IMO. NZ is well placed but we should strongly resist temptation to ease border restrictions.
BLM demonstrations will help ramp up the infection rate all over the USA and UK. Regions there still had R figures over 1.
Partly explains why markets kept roaring ahead as too many investors were too cautious, too long on cash and/or shorted the markets.
Now that they are putting cash back into the markets, will the courageous (some would call them fool hardy & amateurs) buyers of the stock in the last 2 months sell out, to lock in astronomical gains?
I know what I would be doing ��
And here comes the big 'W' as they say in Australia?
Originally Posted by King1212
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