The current market is baffling me. The USA is nearing 1 million cases of Covid. The unemployment numbers are rising quickly resulting in a large drop in incomes/purchasing power. The testing rate isn’t sufficient enough to provide the experts the info they need on spread with things locked down let alone opening back up. Many individual states are opening up now with evidence of poor social distancing in areas like beaches.
I bought stock in March and have taken profits recently. I anticipate that with the states opening up the result is going to result in major spreading of the virus, more lockdowns, unemployment, and bankruptcies. I think the market will drop as earnings are released in the next couple of quarters.
Maybe I’m just a clueless bear, I guess. You?
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