ERF Wireless, Inc. (ERFB)

[jeberj]

How can the stock market rise when the numbers are disastrous and the real economy is in tatters?
Main Street on one side.
Wall Street on the other.
How can that happen?
At the same time as the United States was announcing a 4.8% decline in the first quarter, the stock market was soaring.
Above our first target, 4,600 points.
The Nasdaq? 8,914 points, up 3.57% to less than 8% from its all-time high.
The S&P 500 ? 2,939 points, up from 2.66% to about 10% of its historical high.
And meanwhile unemployment is exploding, growth is collapsing.
The stock market anticipates.
It plays the next move.
It's already forgotten about the crisis.
It took them a few hours to forget Trump's victory.
It took her a few days to forget about Brexit.
It only took her a few weeks to forget about the coronavirus.
And in the world after that there is a catch-up growth rebound that comes on top of all the stimuli from central banks and governments.
The economy has lost 100 of growth, but central banks and governments have compensated for 70 and you can add to that 50 of catch-up effect .
We lost 100, but we're going to gain 120.
SO WE'RE OKAY.