$SPY SPX has rallied forty percent in thirteen weeks, yet the AAII shows 48 percent bears and 24 percent bulls while the Fear and Greed Indicator remains in neutral territory. The relentlessly pessimistic media has the public expecting another brutal decline in the midst of an historically powerful rally. The mortality rate for the virus is currently .002 percent and the Fed is printing money at an unprecedented rate. If you are short, make certain you have physical stops in place because the potential exists for shorts to get absolutely obliterated, and if that happens it will provide little solace to know that forward P/Es are insanely high.
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