Hello gamers,
As you may have noticed, tech stocks rebounded today which is good news for everyone riding the Tesla train. For most people, you don’t need to pay any attention to they daily ups and downs. Just having money in the market will multiply it. Remember, in the history of the stock market, there is no case where the market never recovered. Speaking of recovery, the market continues to rise despite the widespread shutdown of economic activity. Why? During government mandated shut downs right now, consumers pull spending from small businesses and spend on large businesses. Walmart and Amazon are convenient, accessible, and they can afford to have the lowest prices because of their logistics. Furthermore, larger companies such as Boeing, which will not be making profits anytime soon, can secure funding because of their sheer size while small businesses who either started underwater or were just barely making a profit, will go out of business. During the small business massacre, guess which companies take up the market share. Hope you guys are less bored than I am right now. From, Joshua So
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Where we update others about current events and how they may affect the economy and market.
Authors| Joshua So | Archives
October 2020
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