good luck with those shorts. the world's stock markets don't fall 50 to 55% for a few percent decline in GDP. if you don't think most things are priced in then i hate to think where you believe the stock market would go if world GDP declined by 10 or even 20%. the rally in the USA is being led by financials as asute investors realise the tables have turned re downside risk vs upside potential. of course there will be down days and i don't think we have seen the bottom yet but the absolute bottom may now not be seen for months.
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