This looks like a fair indicator of a correction
I have trouble seeing how this trend can continue just on Fed dollars alone.
They say the markets can stay irrational for longer than you can remain solvent, but how much can the Fed avoid that same fact? There's only so much manipulation that can be done, and we simply haven't recovered. The Fed has been "helpful" and many businesses are hanging on by a string, but two-thirds of restaurants in NYC are likely to close by January. Using that as a litmus, a second wave could put a real hurtin on us.
I would really like other opinions on this, supporting or otherwise, so please post anything you may be thinking about this.
They say the markets can stay irrational for longer than you can remain solvent, but how much can the Fed avoid that same fact? There's only so much manipulation that can be done, and we simply haven't recovered. The Fed has been "helpful" and many businesses are hanging on by a string, but two-thirds of restaurants in NYC are likely to close by January. Using that as a litmus, a second wave could put a real hurtin on us.
I would really like other opinions on this, supporting or otherwise, so please post anything you may be thinking about this.