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USA stocks to re-test lows?

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Old 29-06-2020, 05:55 PM   #1
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USA stocks to re-test lows?

People die = market does not care.

However, business are re-closing due to covid. This could affect sales and damage the theory that economy will bounce back?

Valuation wise, it is overvalued by p/e, etc.

Dont fight the fed, yes, but while spending money solves a banking liquidity crisis back then....but it does not cure a virus and can a market remain at these levels when business re-close and have weak sales?

Market does not seem to care about the debt.

Unless a real cure comes, it will retest lows? So far, there are only half fk treatments and no cures.

Market should slowly get immune to these half fk cure news over time, possibly.

I recently sold and am currently heavy in cash but may change my mind anytime.

Hmmm wat are your thoughts?

Last edited by occifer; 29-06-2020 at 06:00 PM..
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Old 29-06-2020, 06:02 PM   #2
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Fight fed still got slim chance
Fight covid with amdk "freedom is mine" mindset is suicidal
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Old 29-06-2020, 06:32 PM   #3
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The ones who die are the seniors.

They are liabilities to the gov.

Eat | Live | Punk Rock | Save | Invest | Finance | Fitness | Pixel | Tech | DIY
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Old 29-06-2020, 06:36 PM   #4
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Remember Saturday is 4th July. Corona cases will probably spike even more after they go out to wave flags and chant USA.
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