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Re: hanscott post# 30183

Friday, 06/05/2020 7:43:47 PM

Friday, June 05, 2020 7:43:47 PM

Post# of 34625
By almost any valuations, current or forward, the skyrocket up from recent lows is totally crazy.
The market and everybody is discounting anything bad that could happen.
China tension, global trade slowdown, a second wave of virus, the riots, the upcoming election, next we pull out of the United Nations, current earnings/revenue to price ratio's, anything bad is ignored right now.

And there is a reason, or two reasons.
All the market hears right now is #1, the Fed has said that is has "unlimited" resources and ammunition to pump in as much liquidity in to this marker to get it where "they" want it, no matter what.
And #2, with most major nations interest rates near zero %, where else can everybody put their money? Equities.
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