Well, to start off, everyone knows stocks went up last week.. EVERY SINGLE DAY.
Whether it was 0.10% green to (some like Delta) 20%+++.
(I made some gains. Gotta love Delta. lol)
Anyway back to the markets.
Smart, top economist are yelling EVERY SINGLE WEEK, that the "market is overvalued" still.
The reason? (LOok around malls and markets...) People are Going NOWHERE.
Sure, Walmart and Amazon sells are up, due to ppl hoarding groceries at once.
But really, no one's buying any apparel except some Lululemon pants and tops. Semi casual/professional/SUPER Comfortable. AND....... Their stocks are UPPP!
So basically the EPS is gonna be horrible, and MOST LIkely negative. So who cares if the stocks went down and became cheaper. Who knows, who's going bankrupt except NASDAQ listed companies.
Studies (I'm not going to cite them. I'm lazy) show that NASDAQ outperforms everything in GREAT Markets and HORRIBLE Markets.
SO WHichside are you gonna be??? Are you gonna be on the Green GREED INdex or Red FEAR Index??
Lol, I'm partly in both. I'm hoping for down, but also up. (My opinion isn't that important whether it should be up or down. The Market is the LAW.)