Despite dismal earnings reports and anticipated GDP contractions of anywhere between 5 to 30 percent (depending on who you believe), the stock is set to regain all that it's lost since March's virus swoon.
The simple reason is that the Quantitative Easing has injected $2.3 trillion into the highest tiers of the financial system i.e. banks, who, since lending to companies with crumbling earnings is not an option, direct the funds into proprietary trading strategies that have no option but to chase stocks higher.
Since understanding that this is the fundamental structure from which the market's value is derived, we are tasked with no more than to get a glove and get in the game.
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