I know predicting future of stock market is not easy and most of all predictions are wrong.<p>But I think people are (relatively) better at explaining past events when it comes to stock market.<p>Is it because market is optimistic businesses will open and business will be usual in few weeks.<p>Optimistic about arrival of vaccine<p>...
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I don't know if it's bullish - down 30% at one point off the peak, the quickest selloff in history, followed by an impressive run -- it's certainly volatile right now...<p>I think the thing people don't understand about the market, is buying stock is buying a right to participate in a company's future earnings and risk -- it's _forward_ looking. Where as most economic data (jobs reports, earnings, etc) is _backward_ looking - by the time we get that data, it's effectively already priced-in in an efficient market.<p>If I'm buying right now, I'm thinking stocks are actually on sale; I get more for my money - and I'm looking to hold for multiple years, so any one day's news good or bad doesn't really matter to me.
The rise in the markets has been driven by the fed/treasury stimulus actions, and the fall in new coronavirus cases in the US and Europe. Stocks would still be very low without the government manipulating everything.<p>I know this is the case because I invested my entire life savings on this one. (I have been glued to CNBC and E*TRADE.) I decided to start buying on March 16th...
<a href="https://www.reviewjournal.com/business/reopened-wynn-resorts-will-have-thermal-cameras-masks-ceo-says-2010013/" rel="nofollow">https://www.reviewjournal.com/business/reopened-wynn-resorts...</a><p>I hold a position in WYNN. I also think that the CEO has a realistic plan for opening in May, and we should all get behind that.