Anyone else deeply bothered by the stock market gains today?
Apr 14, 2020
29 Comments
Maybe I’m shortsighted, but I feel deeply troubled/confused by the recent stock market upward trajectory.
For example, Shopify stock gained 11% today and is at $500 which is very close to where it was at before the Covid-19 dip in March.
Is this Wall Street optimism in defeating the virus? Or artificial inflation as a result of the money printing? Or something else I can’t think of?
Discussions/Opions are welcome :) Just want to talk to people about it and hear your thoughts?
TC 350 YOE 6
comments
It simply means that a large fraction of investors have digested "the information", and have already bought or sold as much as they wanted to.