07-02-2020, 01:36 PM
(07-02-2020, 11:59 AM)David Horn Wrote: Whoever is driving the stock market has assumed that COVID-19 is over -- at least as far as the economy is concerned. Every epidemiologist -- in fact, every MD -- has warned that things are getting worse, and the economy will have to be slowed again to prevent massive rates of infection and death. So far, the science types have been dead-on. So why are the money folks so completely on the opposite track? Will we be dying to keep the rich rich?
People investing ten years ago (when Obama was President, as I did) were opportunists. People investing while Trump is President are optimists.
I would be selling noe.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.