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I found it very surprising on another forum that many people, in response to a question on the recent market’s rise, said the drop was an overreaction and that the states are reopening and the economy is strong.

Sure things are reopening but at a fraction of previous levels with significantly less employees, higher expenses and a very uncertain future. And that is true for much of the world. In my simplistic view, much less income means much less spending and less income for most companies.

Several gave the comment “where else are you going to put the money “. I don’t view that as a reasonable reason to invest in the market.

I honestly cannot imagine a scenario where the market will be higher in 12 months from now.

I guess we’ll see in a year assuming we are still around.
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