Michael Wursthorn
speaker
1,567 appearances
29 recordings
1 series
first heard Jul 2017
last heard Nov 2021
Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.
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Appearances
Thank you.
I think there's two things that investors are both happy to see but also struggling to grasp.
One of them is really just the fact that stocks have really disconnected from the economy.
I mean, the economy by no means is at its pre-pandemic highs, yet the stock market, here we are in uncharted territory with the stock market making fresh highs and the Dow Jones Industrial Average reaching this very significant milestone, 30,000.
On the other hand, too, though,
is the fact that stocks are really the only game in town.
So investors understand why there's just so much interest in buying stocks.
I mean, you look at everything since the Fed made its commitment that it's not going to let the economy falter during the pandemic has sort of reset the board in terms of expectations of assets.
You can't really expect a lot out of Treasury bonds right now.
And equities overseas aren't looking that great.
So stocks are really the thing that's caught most investors' eyes.
Prior to the pandemic, people talked a lot about the stock market in the sense that it was one of the most hated bull rallies ever.
And really what a lot of people meant by that is that they missed out putting their money in when stocks were really getting going back in 2010, mid-2009, when we were getting out of that bear market.
and that they just never felt confident to put their money in again at another point, thinking that the market was going to fall apart.
March really presented a unique opportunity for a lot of investors, where they saw a 30% decline as an incredible buying opportunity, where they can now finally get into this market and enjoy some of the gain.
Couple that with the fact that in some cases people
lost their income.
Their jobs were shut down.
They were furloughed.
They were maybe laid off.
Showing 161–180 of 1,567 · page 9 of 79
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