Here’s an interesting thing to consider, as the leaves turn orange brown.
If this year’s flu season is worse than expected, coincided with this COVID shit, will everything shut down again like last year? If so, does it even matter or do PPP loans of the forgivable nature mask over the temporary downturn and will shutting down the economy leave scars?
I read a report that said we would not get back to 2019 levels until 2025.
The winners are large companies with access to capital and the losers are everyone else. This scourge is helping to expedite what has already been occurring, the dissolution of small mom and pop businesses.
Try to remember the stock market isn’t representative of the economy any more. That’s where many bears go wrong, thinking any of this stuff matters. It doesn’t. The stock market is a perverse casino where tricks are used to buoy prices higher. Whenever those prices go down and the old tricks stop working, they make up new tricks and new rules to help out.
Those tricks haven’t helped the oil or retail sectors, however. And it’s worth noting, sacrifices will be made — winners anointed and losers left for dead. In this regard, we still have a market. Heading into the elections, a horribly divisive event to make Americans hate each other and fixate on things they really do not control, you have to figure out who wins under both candidates. Whatever you find, do the exact opposite, because that shit has already been priced in.If you enjoy the content at iBankCoin, please follow us on Twitter