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by manigandham
2080 days ago
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The stock market is not rational, and it never has been, and 2020 is completely unprecedented with many overriding factors. Interest rates have fallen so the equities market is the only place for returns. Meanwhile the Fed has promised to backstop and keep spending for years if necessary. Add in record amounts of trading from retail investors to institutional funds riding the volatility craze, especially the options market which has outpaced the underlying stock in for several companies, and there's an incredible amount of support for this bubble. |
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