08-28-2020, 12:04 PM
(08-28-2020, 11:05 AM)EricL Wrote: What catalyst do you see on the immediate horizon for this to end?The Abbott hype sounded great. Done any research on how much money they make selling kits for $5? And the stock flies for a day. The vaccination story not much different with companies committing to no price gouging. This is a casino and anyone not in denial knows it. I continue to stay vested, but plenty of cash because I'll be sick if I can't take advantage of a big dip any fool knows is coming. This year, next year? We can't know? It's not different in the end. Stocks at ATH with earnings at 2017 levels.
The Fed just said yesterday that they will support the markets to obtain 2%+ inflation.
COVID cases and hospitalizations are dropping again, Abbot came out with improved testing, and the health system continues to improve treatments for the disease.
I completely agree that valuations are absurd, but markets don't fall because of valuations.