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Originally Posted by Johnny199r
The markets and the reality of the economy are currently at two extremes.
We have many people in our country out of work, barely getting by, or on the streets.
The markets, which are a vehicle for accumulating wealth for those with excess capital beyond their basic survival needs, are on fire and are increasing the net worth of a certain segment of society that have the capital to invest.
Inequality is being exasperated as a result. The gap is widening between the haves and the have nots.
I have lots of capital in the market. I am benefitting from this. However, the widening inequality of "recovering of the economy for some, but not all" is jarring.
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Quote:
Originally Posted by Slava
This is nothing new, unfortunately. We've seen this time and again.
And it's common that the markets are looking good while the worst news comes out in these scenarios. Rising cases/fatalities, but the markets look ahead to the vaccine and positive news coming down the pipe.
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Quote:
Originally Posted by flamesfever
Yes, I think it's generally accepted that the market tends to look ahead something in the order of 6 months. I think that's probably when the vaccination program will be in full swing in Canada, if not sooner.
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And in that same vein I strongly feel the market is going to be "looking ahead 6 months" sometime in the next 10-20 years where everything is seriously crashing and millions lose a huge chunk of their life savings because the ways of the West are crumbling, as the market goes with it and fails to recover like it always has. But that is likely a little myopic for the spirit of the thread and what we can possibly know.
But I definitely fear there will be a time with automation and erosion of Western dominance where a bunch of us younger people see a correction in our way of life and along with it a correction in the market that doesn't recover.