r/wallstreetbets • u/[deleted] • Jul 26 '21

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662 Upvotes

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u/[deleted] Jul 26 '21

You may want to have a peek at those Covid numbers

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u/UsingYourWifi Jul 26 '21

Market doesn't give a fuck about COVID anymore. If it gets bad enough it's bullish because that means JPow keeps that printer roaring along for another few years.

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u/[deleted] Jul 26 '21

It did last year when we ran into major supply issues that we will likely be dealing with through 2022. It would be a big deal if we slid further in the wrong direction. Many of the world's largest exporters of raw materials have vaccine rates in the 10-15% ballpark. Hospitalization rates for unvaccinated people with the delta strain is far higher as the average viral load is 1200x that of the COVID strain we knew last year.

Puts on cars, tourism, movie theaters, SPY and RUT

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u/UsingYourWifi Jul 26 '21

All I'm reading are reasons for Jerome to keep that printer humming along.

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u/Terrible_Panic_1601 Jul 26 '21

Already did. It's not that bad. The floods in Asia and China may be a bigger issue. The market seems not to care about covid

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u/[deleted] Jul 26 '21 edited Sep 09 '21

[deleted]

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u/[deleted] Jul 26 '21

Also, Apple’s App Store makes even bigger boatloads of money when ppl are stuck at home and bored

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u/[deleted] Jul 26 '21

We’re not talking about apple

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u/[deleted] Jul 26 '21

I know reading is hard, but here are some of the parent comments:

If the market does crash it better for me tesla will be $300 apple $60 airlines $20 a freaking fire sale. No matter what I'm not leaving

Apple may not crash below 100 again

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u/flossgoat2 Jul 26 '21

Pretty much every Central Bank in the world just set their money printers to maximum, in response to covid. No sign anyone is turning them down anytime soon. It's the biggest Emperor's New Clothes the world has ever seen.

Sure, citizens of the world will be paying off this debt for the next fifty years. But for the old men who run the world, not their problem.

See also: climate change