So in the midst of this COVID-19 situation, we can see clearly how bad this virus situation is doing to the economy, jobs and livelihoods.
The US reported their latest jobless claims numbers and there are 16 million jobless people in the US now.
Yes the stock markets continue to surge up from their 23rd March lows.
It is dumbfounding and doesn't make sense.
Is there so much helicopter money poured in by the US government that all reality is ignored?
I don't know.
But this is the clearest example of the rich only getting richer and the poor only getting poorer.
People who cannot dabble in the stock market are basically dead.
Those who have the money will still lose if you've sold off the bulk of your portfolios and don't dare to go into this market for fear that it is a ultra optimistic dead cat bounce. Like me.
Only those who have had the guts to pour it all in at the timeliest (maybe about a week ago) have been able to prosper.
Even those who have done nothing are still seeing about 20% down from their portfolio values.
Oh well.
HUAT AH!
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