Yes. I believe the economy's screwed and I've sat in disbelief for the past 12 days thinking that it doesn't make any sense why the stock markets are going up. My realization why stock markets are going up came to me when I asked myself, who out there thinks otherwise? I realized that there are a lot of people out there that don't understand how the economy works as well as people here on wsc, and don't think the virus is serious, and these people watch cnbc & bloomberg. And for the past 2 weeks, cnbc has been focusing on Trump, talking about opening and restarting the economy. And people are generally bullish and eat up cnbc talk on how stocks are cheap now and we're at the bottom, so it's a good time to buy, causing this rally. But once bad earnings dominate the news cycle, and when Trump announces that the economy will not reopen on May 1, this is when the sentiment will switch, and rats will flee the sinking ship, causing the next leg down.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.