@KennethLFisher That was just so they could fraudulently apply for PPP loans for their shadow “business” and then pocket the money, then dissolve the LLC at a later date.
@KennethLFisher Well there are only 2 stocks in the entire stock market with a AAA credit rating. MSFT and JNJ. Naturally a composite of 2 stocks has a higher likelihood of outperforming a composite of say 300 stocks that are BBB.
@KennethLFisher The market is pricing in that there will be a quick economic recovery. It likely will take much longer than what the market is pricing in for unemployment to decrease and earnings to recover. As the market realizes this, it will attempt to price it in by selling off further.
@TruthGundlach GLD does not change its market price based on futures activity, but rather the NAV of all the actual physical gold held plus the net USD cash inflows or outflows for the day. It could not crash intraday in a similar way to how crude did today.