/biz/ - Business & Finance

Anonymous Tue May 26 12:17:02 2020 No.19350016 [View]
File: 57 KB, 890x578, 17-14-18-ABMx2aykaz92nuxYonLm6SM387r0Ya5_DP0ewlxBOTel8dOKVea2jahe2s6B-h-KgFkSIfLNbeOXsM3656EV3xDt8KxAp3y21HNR7NhrX2KUrLAxDiEe9wH9IUUGJESGSw=w5000-h5000.jpg [View same] [iqdb] [saucenao] [google]

Reasons the stock market will tank by the end of this year:

The stock market is currently overvalued according to the Buffet Indicator
Q3 and Q4 earnings will drop due to decreased purchasing due to coronavirus
US debt going up due to fed pumping and having difficulty paying it off due to drop in GDP because of the virus
Unemployment rate skyrocketing - similar to what was caused by the great depression
Both the long and short term debt cycles are due to end
Wealth inequality reaching a high similar to that of around the great depression (see pic)

Genuinely interested as to whether anyone has any legitimate counters to these points. If I don't get any I might make a thread with this post later.

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