Quote:
Originally Posted by Galaril
This entire market right now over the last two and half months is a mirage and we are going to see a plummet once the government can’t keep it propped up with large Corp debt buy back keeping it up.
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The saying is "never bet against the Fed".
Beats me what's going to happen next in the market, I certainly don't like the uncertainty of the 2nd stimulus but am somewhat optimistic as we'll hopefully have a boring moderate in office, vaccine/therapeutics are full-steam ahead and its only a matter of time. And tech seems immune to this uncertainty or its the default safe-harbor (vs bonds) nowadays.
But honestly, I can see how companies are going to take this opportunity to reduce and streamline workforce. So my guess is continued layoffs (not just furloughs) in the white collar ranks.