SPX went down from 3000 to 2250 in March-April 2020.
And global economies were completely shut down because of "political diplomacy" against an unseen foe.
Gross exceptions to general rules can never be considered when they're forced upon us by power hungry bullies who use fear as an emotional tool.
As one of the smart trader here, I value your opinions.
So tell me Fib, what stops the political class to foster another fear diplomacy in future?
Now they have actually seen how useful their fear diplomacy was. They will use it again
to stay in power. Most likely in 2024 for sure to scare voters into keeping them in power.
Or at any other time when they can benefit from fear diplomacy.
At the current moment, there is plenty of money coming from gov't to keep SPX going higher.
But valuations are in the watch the sky territory. 2021 will be interesting year.
>At the current moment, there is plenty of money coming from gov't to keep SPX going higher.< who told u that?
HAHAHA Cheif, have you been keeping up with the new lately? Or too busy watching the sky?
From recent news clips: