Reasons to be Bearish:
• Corporate Profits and Weak Manufacturing Outlook
• GDP is slashed
• Massive unemployment
• Corona Second Wave
• Mass Protests / Rioting
• Massive Quantitative Easing Will Corrupt the Economy
Reasons to Be Bullish
All Major Economies are using therefore the relative side effects are negligible vs other leading economies.
• Corona Situation is improving
• is very low
• Money is super cheap
• Central Banks fully committed to saving economies
BUT MOST IMPORTANTLY
There is nowhere else for Capital to go:
• Bonds - Worthless.
• Gold – only increased by 9.5% in 2020
• Cash – Useless
• - no hope
• Commercial and Private Property – Flakey
Simply put, stocks are the only place for the big money to store and grow wealth at the moment.
Therefore I am long until the market tells me otherwise.
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Totally fair sadly lol.
Honestly it's the only real Bull case I've seen and I've been perusing for weeks here.
The only problem is that while cash may be technically useless ATM, it becomes extremely valuable AFTER a crash.
The greater the cash accumulation, the more incentive for a crash to happen. Cash at all time highs right now among corporates, institutions, famed investors and billionaires.
Still your short term Bull case remains solid. The trick is exiting before the programmatic selloffs ;).
Better for him, and all players really except Retail, to take a massive hit in June and grind it back up with months of constant "new highs".
He can easily blame the crash on the protests or Dems or whatever the F he wants. His scapegoat game is on point.
What he can't escape from is a stock market that crashes in August or September.
They aint planning to hold their breath for the next 5 months, not a chance in hell lol.
Crash must happen now or July to have time for a proper recover and marketing/spin campaign.
Good luck to you, my friend. You're a little too young to understand why I say that, but you'll learn.