Yo-yo economics is nothing to be excited about. A supernova precedes a black hole.
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Thanks. For some reason the Hemingway book popped into my head recently and I was wondering where the title came from. I probably did at some point.
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All because he said he’d reopen the country in “weeks not months”
It’s more that they know a huge chunk of dumb money is about to be thrown into the market chasing stocks and raising prices, so they buy now, ahead of the rush (so you can profit-take later before the inevitable next crash).
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Or not.
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The curve looks like there should be some differential equation model explaining it.
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it tumbled from 29k to 21k and thats terrible but then it drops to 18k and comes back up to 21k and now 21k is good? i guess only if you bought at 18k. but if you were in it at 29k you still lost money…
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Microsoft met its highest share price in October, November, December. Then the share price kept on going up.
It has now fallen 50 points … and guess what … it is still higher than its highest point from last October which is higher than its history of publicly available stock.
Boeing … not so much. Tesla … yes it is over $500 a share. Apple is still down because of a soft iPad/mac book launch … soft at $250 / share!
They all lost value. But they are still higher than last year except Boeing which was climbing all day.
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