Seeing if I understand. If Christiano is right about the pandemic we will see continued panic and lockdowns leading to high savings. High savings decrease the cost of fincap ⇒ stonks go up. So until we observe increased consumption (barring other crazy shit) we can expect continued high stock prices. So lockdowns continuing suggests a higher future SPY, lower.
I personally am investing in the long term (I’m young), so I am cool with risk. I do not want to buy into the SPY right now because it is so high. I’m considering buying stocks that have been hit hard in the short term but with have higher longterm expected value.
Seeing if I understand. If Christiano is right about the pandemic we will see continued panic and lockdowns leading to high savings. High savings decrease the cost of fincap ⇒ stonks go up. So until we observe increased consumption (barring other crazy shit) we can expect continued high stock prices. So lockdowns continuing suggests a higher future SPY, lower.
I personally am investing in the long term (I’m young), so I am cool with risk. I do not want to buy into the SPY right now because it is so high. I’m considering buying stocks that have been hit hard in the short term but with have higher longterm expected value.