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by whb07
2210 days ago
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A couple of companies dominate the indexes: Apple, Microsoft, Google, Amazon, FB etc. They will do good no matter what, and are helped by "staying at home". So theres 90% of your answer. In another obvious blunder by government ruling, the big companies that are publicly listed have had their competition literally shut down. So imagine you're a small hardware shop, well sucks to be you, because the government deemed you "unessential". Whereas Walmart has been left open because they sell food and hey wouldn't you know it, they also sell hardware items as well! What is better than having to compete for business? Have the government mandate your competitors out of business for you. Then by that same token, do you expect to fly somewhere in the next 3 years? Do you expect people will buy cars and drive? Do you expect them to still use banking services? If so wouldn't you want to buy the stocks now ? What does this forced shutdown and not-so-deadly-virus-that-we-were-scared-of have to do in 5 years from now? |
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