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re: The stock market is now actually up from where it was 12 months ago
Posted on 5/28/20 at 2:09 pm to PEPE
Posted on 5/28/20 at 2:09 pm to PEPE
quote:
Both the Dow and S&P 500 are trading at HIGHER levels than they were a year ago on 5/28/19.
quote:Right.
the market was so booming it could give back a lot and STILL be way up.
The basis for those comparative numbers is hugely different.
Last year we only had 6 million underemployed total. We currently have 41 million unemployed. If we can get to September @ >3050 S&P and >25.5K DJIA (today's levels), we'll be in good shape.
But IMO, the next few months in our markets won't be suited for the faint-hearted.
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