why are many traders now saying that an imminent "Stimulus package" is going to make the stock market surge again and to not sell right now?
if stimulus doesnt get passed for a few months...will things hold together until then? even if it does....really? that is all it comes down too? more stimulus money and everyone is going to be a millionaire and we have a recovered economy again?
- Bubba RayLv 71 month agoFavorite Answer
They only care about themselves. They don't care about the little guy. The market is gping to crash big time and it may take 3-5 years or longer to recover. Look at earnings companies are reporting now. It all bad news and even oil companies are laying off thousands. We may end up having universal basic income to keep from total collapse.
- AugustLv 61 month ago
Not in England their not.The stimulus package won't go far enough this time as it could last for upto 3 months at least
- OiyLv 61 month ago
And it was. Gold and crude prices were down. That is called experiences. athe economic reasons are that the investors will feel safer. The unemployment rate will not go up, and thre will be more money for consumption. The multiplier effects will work again.
- Spock (rhp)Lv 71 month ago
hope springs eternal.
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- Anonymous1 month ago
They are probably right.