With the S&P at new highs, the 'actual economy's in precarious shape,'

johnN

https://www.google.com/amp/s/www.cnbc.com/amp/2020/08/18/the-economy-is-in-precarious-shape-despite-new-sp-highs-cramer-says.html

With the S&P at new highs, the 'actual economy's in precarious shape,' Jim Cramer says

KEY POINTS
"We've had a magnificent V-shaped recovery in the stock market, but the stock market's not a great reflection of the broader economy anymore," CNBC's Jim Cramer said.
"If anything, the actual economy's in precarious shape, especially now that the government's stimulus package has run out and Congress went home for the summer rather than trying to come up with a replacement," the "Mad Money" host said.
"In a V-shaped recovery, the Dow Jones Industrial Average would be hitting new highs, but this move's been led by the Nasdaq and the S&P," he said.




Housing performance at record paces, feds keep pouring punch/keeps rate down. Another stimulus maybe coming.... is there a large bubble...wonder when real crash may occur...

davidrmoran

Is this time different? These speak to that:

https://www.washingtonpost.com/business/2020/08/18/stocks-economy-coronavirus/

https://www.nytimes.com/2020/08/18/business/stock-market-record.html

up by a friggin' half, for no good reason, ... or are there good reasons?

A-A-M up 80-60-34%

and of course fomo

what a time to be in cash