This incredible boom in US stock markets is artificial, supported by Trump with heavy funding. Is it likely that the bubble will burst soon?
After the onset of Covid19 pandemic, Trump and Mnuchin announced a 2 Trillion USD package. It's believed that most of that money has gone for funding the stock markets which have gone up sizably instead of crashing down in the worst possible manner. There are rumors that Trump is soon going to announce a further 1 Trillion dollar package which will further boost the stock markets to dizzy heights. What is the chance that this bubble will burst soon and the markets will crash down??
- BryceLv 72 months agoFavorite Answer
High unemployment, bankruptcies, lower economic activity, and the falling value of the dollar will be the gravity that pulls the stock market down.
- SumDudeLv 72 months ago
imo it is individual bettors (buyers) that are propelling the stock market up. The trillions going out into the economy are designed to get businesses back to hiring people and producing again. - accountant
- Anonymous2 months ago
Nobody knows. Crawl under your bed & clutch your gold bullion.