S&P 500 April 29 2020
Things are looking really bad with the world economy. Anyone who thinks that the corona crisis will soon be over and everything will continue where it left off is sorely mistaken.
The US released bad GDP numbers two hours ago. The gross domestic product shrank at an annualized rate of 4.8 percent. Analysts had predicted only 4.0 percent. And how is the stock market doing? It continues to rise cheerfully. The FED continues to pump money into the markets until the Bubble bursts. How long can this go on? Personally, I don’t think very long.