I'm no longer sure what to think.

[NAB]

The Stock Market is the mood ring for the ultra-wealthy.

[Kane]

Looks like the market is waking up to the reality of a second wave, loose mask enforcement, and a grim report by the Federal Reserve indicating recovery lasting into 2022.

About that report - it lasting into 2022 was on the rosy end of projections. Bringing unemployment down from 9.3% to 5.3% over that short time span would be an amazing feat. Austin Goolsbee noted that even during the Obama recovery unemployment dropped by only 0.7% per year. Without considerable fiscal support we are looking a situation like or even worse than the Great Recession and I'm guessing that's why Mnuchin hinted that further stimulus would be absolutely necessary.

Also consider that the market is down by over 1,000 points right now even with what is likely heavy support from the Fed.

[Kane]

We are the new Sweden.

https://www.reuters.com/article/us-heal ... SKBN23I273

[Winchester]

Fatalism has or will set in re the coronavirus. That being said IMO there are going to be long term impacts on bars/restaurants, the travel, the entertainment (including sports) and the meat processing industries.

I'm good with the stock market tanking for a while, valuations seem a bit optimistic right now and I'd rather buy in at fairer valuations than at bubble prices.

[Spider]

[Winchester]

[dontworrybehappy]

A pandemic, a country wide race riot and the stock market is still 8000pts higher than it ever obtained during 8 years of the oreo.

[ToddStarnes]

[micfranklin]

I too am unsure what the 2020 Jumanji board has in store for us following June.

[Kane]

Hopefully not a lot. Reality is set to bite as the GOP begins to wind down unemployment supplements and limits stimulative measures.