The planets seem to be lining up again. The stock market thinks the virus threat is over as infections reach nearly 60K a day and rising and tomorrow, (Independence Day holiday), may well be come know as the superspreader event that resulted in an unimaginable death toll down the line. As for BTC, the RSI now has the capacity to repeat and extend the downside of the March crash...just waiting im guessing for the stock market the jitter for someone to pull the trigger. It will be fast and furious and who knows...if the stock market goes all 1929 on us...how far BTC might go. I have always wanted to see the 2016 gap filled at 1357...maybe now is that time... At this point im just glad to be sitting in cash... As Sarah Connor said a long time ago to the line.."There is a storm coming" "I know!"
With the recent BLM protests, thousands of people were in extremely close proximity to each other, many without masks. There is rumors of second wave coming despite gov talk about easing the lockdown, that's the legal status quo. So why would speculators think the pandemic is even remotly in stoppage.
A big portion of the world simply doesn't believe in the potency of Covid-19, let alone those 40 strains. Vaccine is in the making but not to save humanity. The vaccine will be pushed for completely different reason which I won't go into detail. So it's not a matter of when a vaccine will be found, it's a matter of when the public will come docile enough to receive the shot. As you can clearly see, the FED is pumping cash like there's no tomorrow. Few companies filed for Chapter 11 yet their stock price rose like nothing happened.
n.
Those two things are contradicting itself, but we clearly see the result of this controversial happening. Stock fell a bit and then rose to even morethan the spill. What is happening might not be a depression, hell we haven't gotten even a recession, just a bunch of shops closed. It seems like the plan is not to pop the baloon.
Maui2020
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nah. I love the earth is coming to an end, or the United States is finished people ... the market will go sideways until October/November and vaccine will be made available and then BOOM! for 12 months
bitcointrader3764
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@Maui2020, Hi...there are currently about 30 strains identified...IF and thats a very big IF, there is a vacine it will cover 1 strain...and youll be lucky to see mass production within 12 months of sucessful trials which wont complete til next spring...if they get lucky that is and hit gold first time...note they are still trying to find a vaccine for the AIDS virus! and numerous other viruses that has eluded science for decades. But hey if you want to believe the hype and drink the Kool Aid...!
A big portion of the world simply doesn't believe in the potency of Covid-19, let alone those 40 strains. Vaccine is in the making but not to save humanity. The vaccine will be pushed for completely different reason which I won't go into detail. So it's not a matter of when a vaccine will be found, it's a matter of when the public will come docile enough to receive the shot. As you can clearly see, the FED is pumping cash like there's no tomorrow. Few companies filed for Chapter 11 yet their stock price rose like nothing happened.
n.
Those two things are contradicting itself, but we clearly see the result of this controversial happening. Stock fell a bit and then rose to even morethan the spill. What is happening might not be a depression, hell we haven't gotten even a recession, just a bunch of shops closed. It seems like the plan is not to pop the baloon.