2 Trillion is ton of money to spend to keep the market looking good. Pretty soon the USA will be buying stocks to prop the market. Then we will in effect picking the winners and losers by the stocks they buy? Doesn't sound like a capitalistic market to me. Heck you could be a CEO of a shitty company but if the USA is buying your stock it goes up you look good and you are still a shitty CEO.
Not sure what the right answer is but this is the path we are headed down. I would say let more businesses file BK...heck Trump has a lot of experience with that plan. Sorry some businesses dont make it but if there is a need someone will come in and replace them in the market.
Agreed...some companies were on the path to nowhwere already and this speeded up their demise...that's the way it should work. Some of the $2t will either be paid back or offsets what would be paid in unemployment. Another percentage of that total will flow back through the economy especially since taxpayers are getting so much. The longer term benefit is I do think there will be pressure for companies to bring back, to the US, production and some manufacturing. I think the lever will be tax adjustments for companies who don't produce x percent of essential items in the US. That will be both great for the economy plus put us in a better position for the future. Along with that, a lot of small business opportunity to provide goods and services to help bridge the US vs China labor cost gap plus more reliance on innovation and technology.
There are plenty of stocks to buy now at a good price........Buffett & other billionaires are the big winners at times like these .......but the small guy can make money if he knows what he's doing.
businesses that have a strong online presence have done quite well in the last month.
energy companies not so good.
yupper, called out amzn in another thread, intuitively was a no brainer. Not really the long term stock picker type, i'll leave 'fundamental analysis ' to the dart throwers. Certainly didnt see a break to highs!! Did like ZOOM as well, they had bigtime tech., issues and looked like they were going to blow a golden opportunity . Have they righted the ship? Chart suggests yes, full disclosure . have no position