/biz/ - Business & Finance

>>20095054

Please explain to me.
How on earth is it possible that indexes, individual stocks Crypto and the rest of the financial world go up back to ATH territory and maybe above while everyone and their mom is in fear/doubt/disbelief about a positive outcome of a two month global lockdown which caused an ATH in unemployment rates, bankruptcies, supplchain breaks, lower GDP, unpaid rents/loans....and so on!!??
Please explain it to me, my rational mind is not able to understand what the current fuckery is about and how it will look like in 2-3 months from now. If I look back at all prev. crashes like we had in March, this thing is basically over -there won't be another crash. History proves it, it's only up from here BUT HOW the pile of shit economy smells like boiling cat piss to me. It makes no sense at least to me. If you have a explanation about how it's going to continue and what the key factors will be that everything returns to normal...please leave a constructive response.
Inb4 u go "but the FED..." go fuck yourself.

Social distancing and rolling shut downs will continue in some form through 2020 into 2021. This will be our reality until a vaccine is widely dispersed or until Americans submit to Asian style GPS contact tracing, distancing conformity, and testing.

Stock are up because of a lack of fixed income to invest in. Everything pre-Covid had terrible yields. The Fed kept rates incredibly low and kept pumping cash in. Junk bonds barely got over 4%. Moderate future inflation could turn then near worthless or actually toxic.

Uniformed retards think we're "going back to normal," whereas we are going to slowly open stuff back up and have rolling regional shutdowns. This will kill earnings.

When the Treasury goes to sell $4 trillion in t-notes for this deficit and people have a safe place for yields, the market is going to dump. Possibly before then. If US yields go up due to all the borrowing we are doing (likely), the dump will be massive.

Cont.

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