In the past when America has had unemployment levels as high as 10% it has taken at least 6 years for the employment levels to drop back to 5%.
When the reality hits and large corporations report profits downturns and cut dividends then the next drop will start.
The current market is being held up by the big 6 tech companies which now measure 20% of the Dow Jones index and because retail investors are buying into them thinking they will make profits on the dip.
But the big corporate investors are not buying stocks.
The current move up is on thin liquidity and will run out of steam.
- Forums
- Economics
- " US stock prices are ignoring the economic meltdown, wait for it…"
In the past when America has had unemployment levels as high as...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm