Either the market was too low then, or it's too high now, because there's no way our prospects are as bright right now as they were pre-covid.https://twitter.com/johnauthers/status/1270084120543137792 …
But pre-covid we had this horrible epidemic coming up. It seems reasonable to hope what's coming up will be no worse.
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This is the aspect of the stock market that always amazes me. "Yeah, another 400,000 people will die, and millions will remain unemployed, but, other than that, is there anything else?"
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It's stocks vs. the USD, and the dollar is being heavily de-valued. Is there a way to visualize this all in terms of purchasing power?
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Measure all your investment returns in
#bitcoin
, gold, beef, and land. - Show replies
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Also, companies that laid off may have dramatically improved cost structures.
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If you think an “epidemic” was priced in in January when the S&P was trading at 23x PE, you’re obviously smoking something. It was up 11% in Q419. That’s ridiculous.
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Jan 1 stock market likely priced in a 0% chance of a horrible epidemic coming up. Currently the future effects of covid, while possibly no worse than the first wave, should be close to 100% priced-in. Unless your tweet is sarcasm
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Yes I think that's dry wit
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Same odds of a pandemic as before, isn't there?
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also: if lots of businesses go bankrupt then the ones that remain will have more of the pie and will be more profitable. Once the unemployed people have died of starvation there will be low unemployment again. Cherry on top will be four more years of Trump.
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