Replies to post #304228 on SPDR S&P 500 (SPY)

[fitzwell11]

Yep. I can tell you as a CPA in a city of 500,000 people. Of my clients and my 4 associates we represent small businesses doing probably $200,000,000 in revenue

Not one of our clients got the PPP loan. System tapped out after 2 days. Several of mine are doing permanent lay offs.

So consumers are struggling, small businesses are dead in the water and corps are on paper thin cash flow and hoarding whatever they get. Yet we are only 20% off all time highs, trading where we were in May 2019. Cognitive dissonance has never been so true