Jump to content

Is it really just like last October?


Recommended Posts

S&P500 is now at levels last seen October 2019....a mere 6 months ago. When things were apparently very much like now. Totally similar, in fact.  Save 26 million more unemployed, govt debt that has gone into the stratosphere, whole market sectors on their knees with no sign of rapid recovery and a highly contagious, potentially deadly virus that still infects the planet. Apart from that, everything is the same and the S&P practically mirrors the economic reality and is definitely not an over exaggeration or bubble, plus the virus has gone and will not come back until after the election when it will be proven, beyond any reasonable doubt, to be some else's fault. 

So is it really just like last October? Are we due another melt up of equity and commodity values? Or are equities already over valued as things stand? Has unlimited QE simply funneled vast amounts of tax payer cash into the hands of those who know best how to profit from such federal and government largesse at the expense of the real? If the S&P were to be believed everything is just like October 2019. This is not the case surely? Is this another bubble ready to pop? Looks like it. Beware of ever increasing values of equities, they no longer reflect the reality of life lived by the majority, there is an imbalance. As usual, the markets are overcompensating. The mechanisms being used to fix current problems are only building greater ones down the road, at the expense of the taxpayer, naturally. The distribution between those that have and those that don't have enough will only widen, causing real future problems, not to mention ethical contradictions and matters of jurisprudence.

It is all too surreal and surely not at all like last October, no matter what the S&P infers. (That he garden is rosy once more).

Link to comment

As an addendum, one only has to look to China and see their reality on the ground. China is currently back to "normal", it is on a 3 day week (split shifts to avoid any rush hour), shops are open but sales are down considerably, bars are open but empty, flights are still grounded and the state and people are still very nervous of a second wave of infections coming from without.  Savings are down and spending is more parsimonious as folk suit their budget to new incomes.  In short not the "V" shaped recovery many expect or predict. 

Naturally, it will be different in the West, won't it?

  • Sad 1
Link to comment
49 minutes ago, 786Trader said:

Beware of ever increasing values of equities, they no longer reflect the reality of life lived by the majority, there is an imbalance.

Point being, company valuations are based on P/E, which have become less and less reliant on the E for earnings. It is as if the "E" is being viewed with binoculars rather than a microscope. 

  • Thought provoking 1
Link to comment

I believe in value investment.

The temporary up or down is caused by trader (Or called Speculator by Ben Graham)

At some point, stock price should return to the real value of the market, and I truly believe there will be a huge crash coming very soon, and the crash would probably deeper than what it should be, which will be caused by the same reason of the current situation. Traders in the market always overreacting.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • ZK seems to have long-term potential in this space, Love that it's tackling Ethereum's scalability issues with zkRollups Super-fast transactions and low fees are game changers for DeFi. Plus, being able to trade ZkSync on Bitget's platform with their user-friendly UI is a plus for me.
    • The high APRs in May 2024 (especially for USDT, BTC, and ETH) are compelling evidence. It goes beyond just headline figures; it showcases the variety of projects with attractive returns. Beyond the immediate gains, I like how you cleverly point out the benefit of supporting new projects and the potential for growth as they gain traction. This adds a layer of strategic investment to using PoolX. Overall, this is a well-structured and informative piece that piques the interest of crypto enthusiasts looking for high returns and portfolio diversification.
    • Crypto enthusiasts seeking high returns on their digital assets should look no further than Bitget's innovative PoolX event. This platform offers a unique opportunity to earn attractive APRs by pooling liquidity for various projects, providing participants with a chance to diversify their portfolios and maximize their earnings. In May 2024, Bitget PoolX witnessed impressive APRs across multiple projects. The image shows that USDT APR soared to 75.48%, while BTC and ETH APRs stood at 35.09% and 31.46%, respectively. These remarkable figures highlight the potential for substantial returns through PoolX participation. Other notable projects included ONG APR at 25.76%, NYAN APR at 22.25%, and APU APR at 16.61%. Even lower-ranking projects like DAOT, HODL, KATT, WSDM, and UDS offered respectable APRs, ranging from 14.9% to 12.73%. The success of the exchange PoolX lies in its ability to facilitate liquidity provision for various projects, allowing participants to earn rewards in the form of attractive APRs. By contributing liquidity to these pools, users not only support the growth of promising projects but also benefit from the potential upside as these projects gain traction and popularity. Looking ahead, the exchange PoolX is gearing up to introduce even more exciting projects in the coming months. Participants can expect a diverse range of opportunities, spanning various sectors and use cases within the crypto ecosystem. By staying up-to-date with the platform announcements and participating in these upcoming pools, users can position themselves to maximize their earnings and capitalize on the rapidly evolving crypto landscape.  
×
×
  • Create New...
us