large ecommerce companies have done well with the volatility of the markets. There will continue to be "good companies" under financial duress in the pandemic campanies that can be had for pennies on the dollar. The wealth disparity continues and will continue to widen. That does not bode well long term.

I started looking at the potential long term inflationary pressures as you hinted ... but the possible STRUCTURAL unemployment numbers are frightening if pandemic can't be managed. America fails to see the lag as our Moron in Chief plays cheerleader on the wrong data.

There's a reason why NASDAQ is up. Look at their composite. For now, Wall Street can be profitable due to our paper assets. We can also play (i.e. futures) the momentum of the news / liquidity from the government because there's no real options to get a decent potential return.

Hence, are we creating an artificial bubble ... similar to what Japan faced the 90s (with some exceptions)?

Don't worry about Wall Street, Menlo Park, and the high multiple e-commerce companies. Smart investors can always make money from volatility / market shifts. The question: who is losing value because this economy is not a growing ... or even worse, contracting? IMO, that's what the market is showing ... until ultimately, it becomes too expensive to support ... and then you know what happens next.

[Post edited by Blah at 07/03/2020 12:02PM]