Just weeks ago, home-rental startup Airbnb Inc. made a stock-market debut so stunning that its chief executive was briefly left speechless on live television.
These are things that would be easy to imagine in boom times. But 2020 has been anything but that for the world outside Wall Street. The cold reality is that the market’s rally has occurred in the midst of a catastrophic pandemic that has killed more than a million people, halted business and travel and wreaked havoc on the economy.
“The path we took to get here is something we never, ever, ever would have foreseen,” said Ralph Bassett, head of equities for North America at Aberdeen Standard Investments.To Read the Full Story
Coulda listened to my call and subsequent article that got a retweet by Joe Weisenthal:
What they learned. They like a business man like Trump as the President. And they are pessimistic about Joe Biden.
Meanwhile half the country owns no stocks. I guess wealth inequality isn’t one of federalreserve‘s mandates...
Lesson 1: the stock market is not a reflection of the economy on the whole.
WSJ... Hummm... What % of these investment dollars are foreign? As their own country’s markets go....
Don't trust the NYSE and his wife Loeffler - lesson learnt!
Isn't this a reflexive effect of increase in the market cap leading to higher weight which in turn pulls up the index? Will be interesting to know about smaller businesses which are unlisted
'BUTLITERALLY HITLER TRUMP WILL DESTROY THE ECONOMY!!!!' 🤣 Repent.
Manipulation of market