Wednesday, July 22, 2020 5:54:10 PM
I am following several very knowledgeable people on Twitter (some of them are guests at CNBC and such) and many of them predicted in April the market would be going up up and up because of all the trillions the FED is printing.
That doesn't make any logical sense when companies earn much less, but this is how market works: stock direction is the only thing that matters. And the talking heads will justify any stock price. Like saying people should focus on how TSLA is going to earn in 2030. Any price can be justified when it is based on a fantasy.
At some point the stock market will crash. We just don't know when that happens. Maybe this year, maybe next year.
I would rather prefer a market that is going nowhere so people start putting money into smaller companies. Market crash will pull all the stocks down. Right now, all the money go to Nifty 5. People are really panicking they are going to miss the mother of all rallies.
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