Thursday, April 30, 2020

Meanwhile on Wall Street


As the nation appears to be collapsing into an economic depression (see previous post) Wall Street has been singing its favorite song. After the initial panic of late February and March, the stock market has been rallying. The S&P 500 has recovered around half of its losses as investors seem determined to ignore the steady stream of bad news. Are they right? How long will this last? Hmm...

2 comments:

Deacon Nicholas said...

I've been investing my whole life, and the fact is that wise investors ignore the bad news, even when it's really bad. Things come around. I know you have a right to put out your pessimistic financial opinions on your own blog, but honestly I don't think your view is helpful.

And yes, I regularly give to the Salvation Army.

Greg Pavlik said...
This comment has been removed by the author.