Nasdaq… Please wait for me!!
Everyone is hunkered down at home.
A good 14% of the workforce is unemployed.
The economy has reported a 32% contraction in our GDP. This is -32% at an annualized rate or about -9.5% for the second quarter.
This is the largest drop in GDP we have ever recorded, something of this scale was not seen even during the Great Depression.
However, the Nasdaq tech market is up like nobody’s business. The tech titans all reported blow out earnings!
Apparently, people are staying home but still buying Apple products, paying for Netflix for entertainment, shopping at Amazon, and consuming Google Ads at a record clip.
Although many small businesses and traditional businesses are hurting and had to be bailed out by the Government, they are happily advertising on the tech media!
Is it time to throw in the towel and get on the Nasdaq boat to make some money?!
Can the following quote be true?
“You are waiting for the market to crash and
The market is waiting for your patience to crash”
https://finance.yahoo.com/news/stock-market-news-live-july-31-2020-221601060.html
