Quote from: lumeire on June 07, 2020, 03:22:19 PM

Quote from: mtwelve on May 21, 2020, 05:13:08 AM

Perhaps a little off topic as not directly crypto but think it's important anyways to discuss the overall economy and how it may affect crypto.

So as those in tune with the stock market know, essentially we saw a high of 3340~ (SP500), a low of 2170~ (March 17th I believe) and then currently we are flirting with the 3000 barriers today (looks like either this week or next week it might break it).

The economist in me is screaming unprecedented debt, balance sheets, potential negative interest rates, unemployment claims, etc.

But unlimited QE, buying of junk bonds and equity, seems to have created this huge divergence between the usually rational market and it's underlying economy.

I'm young so this is my first real depression/recession I've experienced and really understood what's going on but those that were around for the 2008 GFC or Dec 2018 V shape recovery - does this feel different? What are your thoughts?

How has your asset allocation of stock,bonds, PMs, crypto changed? Are you more cash heavy right now? When do you think we'll the next leg down?

The stock market is recovering the losses but the economy isn't recovering yet. I guess this is because of the stimulus provided by the government, people are investing with that money and as they are spending the money so somewhat economy is getting back on track due to which The stock market is rising, and most probably people are also investing leftover money into stocks as well.

In my opinion, the people do not have much influence on the markets. I think whatever money they have will be used for consumer goods and first necessity items. The increase of stock and financial assets could be simply due to the massive amount of money the Federal Reserve has put into the market (as Quantitative Easing). Anyway, I do not believe the high prices we see today are sustainable...