Lets be honest, there is no rational price discovery in this market right now. The FED has backstopped every asset class. Free markets don't exist right now. Oil markets can collapse, 25% of the workforce can become unemployed, GDP can fall 50%, it doesn't matter. It doesn't matter that the economy is posting unprecedented bearish data. Stocks aren't allowed to go down anymore. SPY 400 EOY
House of cards. Lots of new retail investors, ripe for the picking.
PatrickHob
⋅
lol I heard the FED are running out of ink, they print too much money lately.
let's see today, below 272 not good, then we will test 261. But it may well bounce back from 261 if not to the basement lol