Loading ...The Beat Goes On
There is something extremely PERVERSE about this Rally in US Stock markets.
We are suffering through the most traumatizing situation ever in most of our lifetimes.
For the first time EVER…The World Economies are shut down completely and indefinately.
Uncertainty has never been higher !
And the Stock Markets are rallying !
Up another 2% in pre market trading.
Apart from being irrational this is SICK !
sheesh
Good Morning Fully! Something to ponder. Everything is denominated in something. The US stock market is denominated in dollars. When people see their dollar being depreciated rapidly by all the trillions being
created it makes the numerator rise. In this case stock prices. I would suggest that it is rational for the stock market to rise to discount the depreciation in the dollar. If we don’t buy our stocks someone else (China) will print funny money and they will buy our stocks, take them over and own us. Please see my response to Chartmaster below.
Brilliant Interesting and Rational analysis Noman
But my Emotional response is still…it’s perverse
🙂
Don’t beat yourself up NS, I can tell you trillions of reasons why 🙂
My apologies, I meant Fully.