The Nasdaq has already hit a new high in the past week. Do you...

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Dr.Who

4,679 Posts.

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13/06/20

19:21

Post #: 45205778
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Originally posted by Jakjazz: ↑

Unfortunately you are missing the whole point. We are talking about the current crisis and how best to deal with while protecting your valuable savings etc. No one has said invest their whole life savings in gold bullion or gold stocks but its a means of protection in a worse case scenario. .

You say and i quote:
"Don't be fooled by unemployment and the obvious shortfall in GDP. That is a temporary event not systemic - people will return to work and unemployment will rapidly decline. People going back to work will set a rocket under the market. New highs in stock markets this year on the proviso there is no secondary outbreak. Do not be bamboozled by sovereign debt, it bears no resemblance to personal or company debt - two completely different concepts. Gold price will regress to its long term mean around 1360."It would seem we are living in different worlds - you are obviously strongly support a "V" shaped recovery which most "knowledgable" people have given up on except Mt Trump. Since when do we ignore massive unemployment and the GDP cliff. Long term unemployment will have huge repercussions for government funding and society in general and to call them temporary events you must not be listening to anything spoken on the news wires with talk of a 3 - 5 years return to economic normalcy (employment, productivity and GDP).

Given the markets are forward looking and the new highs you reference must mean corporate forward earnings, profitability, cashflows and balance sheets etc are in better shape now than they were before this health/economic crisis - Give us all a break please!!!

Thats being said the only thing driving stock markets north now and in the immediate and ongoing govt stimuli all over the world. All that's happening is Governments are mortgaging their countries (and citizens) future.

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The Nasdaq has already hit a new high in the past week. Do you keep track of the market?
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0 Great analysis

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