Interesting how overly optimistic everyone is with the stock market, makes me a bit worried. But then again central banks are saying they will put a floor in the market with an unlimited amount of money. It's funny because we are told all the time we live in a capitalism system, sometimes i forget it's really closer to a socialist system.
Tracking the spot price of gold the last week on comex, its as though certain groups knew the jobs report would be blowing positive looking numbers out as the price dropped from 1740 down to 1680 over 4 or so sessions...It seemed to start its drop even before the BLS report was published officially speaking.... and now the wise have pulled the numbers apart, clearly identifying the lies from Trump administration ( its closer to 19% unemployment btw) the price has started its upward ascent once again. interesting times these..... as for every man and his dog diving into the market head first, I wish them all luck and sure its been hard for me to restrain myself from buying what looks like cheap stocks but I cant for the life of me put a value on 90% of the stocks I am watching so how the heck do I know if they are cheap or not?
You know something is not right when the market responds positively to the government announcing we are in recession and next quarter is likely going tobe far worse. lol You also know there is something wrong when billions of dollars worth of super is being withdrawn from the market and yet the market still climbs lol this is a market Pump and the dump is coming.
In another 2 weeks we'll know whether this V shape recovery is for real. So far, from what I've seen, people are not spending. You can lift the lock down, and let businesses open, but people are going to save, not spend.
