(10-12-2020, 09:01 PM)ViPER1313 Wrote: I will invest my money when earnings are back in line with reality and the market peak is not built off a MOMO/FOMO mentality driven by government stimulus.Basically this. I'm still in mutual funds but I'm not interested in day trading.
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A financial podcast I was listening to yesterday had two Wall Street analysts as guests. They both pretty much agreed that Wall Street is basically assuming there will be another round of stimulus and that's all they care about right now. It's not linked in the reality that is the actual economy. 15 million people still unemployed and 850k filling for benefits week over week. This is not sustainable.
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