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-   Investment Talk (https://www.talkofthevillages.com/forums/investment-talk-158/)
-   -   Stock Markets (https://www.talkofthevillages.com/forums/investment-talk-158/stock-markets-306391/)

Stu from NYC 06-05-2020 08:49 PM
Quote:
Originally Posted by Mendy (Post 1778045)
While the 40%+ recovery in 80 days is unprecedented, remember that the Fed is heavily subsidizing risk assets (stocks) amidst a stream of bad financial news. Also remember that other subsidies (i.e. extra $600 UE benefits) expire on 7/31. Will be interesting to watch the jobs report in August. Remain cautious at least until after the election and likely into Q1 2021. Hopefully we won't have a double dip, but wouldn't surprise me.
Only way we get a double dip is if we get a second wave and at same time less progress in treatment and vaccine than they are saying.

ColdNoMore 06-05-2020 09:50 PM
Quote:
Originally Posted by Mendy (Post 1778045)
While the 40%+ recovery in 80 days is unprecedented, remember that the Fed is heavily subsidizing risk assets (stocks) amidst a stream of bad financial news. Also remember that other subsidies (i.e. extra $600 UE benefits) expire on 7/31. Will be interesting to watch the jobs report in August. Remain cautious at least until after the election and likely into Q1 2021. Hopefully we won't have a double dip, but wouldn't surprise me.

That's exactly the way I see it and the reason I got out and am standing on the sidelines... for the foreseeable future.

Kenswing 06-05-2020 10:14 PM
Quote:
Originally Posted by Stuart Zaikov (Post 1778077)
Only way we get a double dip is if we get a second wave and at same time less progress in treatment and vaccine than they are saying.
Even if we have a second wave I doubt the country will be buffaloed into shutting down again.

CoachKandSportsguy 06-06-2020 05:17 AM
True words about accountants
 
Quote:
Originally Posted by tophcfa (Post 1767311)
The only thing the post actually explains is that one should not take investment advise from an accountant.
Very true! An accountant knows the cost of everything and the value of nothing! I work in a group of them at the moment, and its a very painful and tedious experience arguing over how certain activities and costs go in which bucket, legally and illegally.

sportsguy

skyking 08-31-2020 04:25 PM
Quote:
Originally Posted by ColdNoMore (Post 1778103)

That's exactly the way I see it and the reason I got out and am standing on the sidelines... for the foreseeable future.
Wall Street closed out a monster August on Monday, with major benchmarks notching their best month in at least 20 years, bolstered by ultra-accomodative Federal Reserve policy, moderating coronavirus infections and rising optimism for a COVID-19 vaccine that may backstop economic growth.


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