I understand your frustration. All this Fed pumping is not helping free market, price discovery. However IMHO, this is what I always believe since last GFC that Rudd was giving people $900 (or somethink like that), they can put money in people wallet but they can't force people to spend it or maybe it just me. But with uncertainty about job, how to pay mortgage, money is not going to anyone but essential spending.
The headline about how many billions and trillions gov throwing out is keeping the market up. As an investor, you invest in
business for your return and I emphasize the word business (think Buffett) not stock. Often we lost that notion. Anyway in the end of the day, whoever invest in the business (stock) need the earning to reflect and confirm their financial decision otherwise why else would you put money in that business right? As other point out about advertising revenue, etc etc. In the end, the number will show (I think 2nd quarter)
I happened to read this link last night and it is confirming people behavior that I anticipate after the open up.
https://www.cnbc.com/2020/04/24/coronavirus-why-germans-arent-shopping-despite-stores-being-open.htmlNext if you listen to the clown POTUS Covid press conference, this suppose to be calming people down, giving them hope, but it is a complete joke while people lives are turned upside down.
I listen to New York Mayor Cuomo's press conference 2 days ago (I didn't listen yesterday) and they don't have a handle on things, number are not including private hospitals cases. The reason he gave was private hospitals all have different practices and standard that's why we only gather data and reporting from public hospitals (how is that right, false hope looking at incomplete data). He is working with Macy to have 4th July firework, "now more than anything, we need to celebrate and give people hope" by throwing out firework, really?
NY mess is not over by a long shot.
Then there is Las Vegas that want to open up and suggest to use LV as "an experiment" I can't find her interview but when challenge by reporter, she pretty never thought about it.
We know how China is, cover cover cover.
Singapore huge second wave. Italy looks bad again yesterday, almost 7000 and they are talking about opening up.
After a sharp second leg down, it is going to be a long long down tread.
Patient buddy.
(20min delay)