Read? Sell In May And Go Away??? (2)
May 2020 is over!
Until a vaccine is found or we accept the fact that we are living with COVID-19 as new normal?
Economy and life have to go on and on!
No Round 2???
Saturday, 30 May 2020
Sell In May And Go Away??? (3)
Read? Sell In May And Go Away??? (2)
May 2020 is over!
Until a vaccine is found or we accept the fact that we are living with COVID-19 as new normal?
Economy and life have to go on and on!
No Round 2???
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Uncle8888,
ReplyDeleteI suspect most of the world will go back to 70%-80% normal before any vaccine appears. :P
Countries are accepting that there's a limit to antivirus mitigations, and no economy can continue giving free money (or future money) to sustain 40%-60% jobless people.
Even S'pore is beginning to accelerate re-opening as long as community infections remain in the single digits. And I have a sneaking feeling that even if numbers go up to 25 a day, we won't see a general lockdown like the past 2 months. (Btw, most of S'pore's electronics, pharmaceutical, & manufacturing industries are operating at full or near-full levels during this circuit breaker.)
Sad to say, I've been buying back into US tech etfs in May. Dammit, the strong push thru the 200DMA is saying something & I have to admit that the market is smarter than me. For e.g. QQQ has practically erased all of the Covid losses & back to less than 1% of all time highs.
Fired 38% of warchest liao (from 33% in mid-Apr).
Steady! Hosey liao!
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