from King World News
When we look at how many markets are trading well below last year’s levels, there is no question the world was a much different place then.
The World Was A Much Different Place Then
May 5 (King World News) – Peter Boockvar: It gets debated every day and I certainly get questioned as to why the stock market is where it is in light of the state of the economy. I mean with the S&P 500 at around the same level of last October, wasn’t the world a much different place then. For sure but what we have here, for now, is a hall pass for stocks in a sense for the next month because bad economic data is seen as old news as we look to broader reopenings in May when the economic data will obviously change. Of course some things won’t reopen until next year but hopefully much will in the coming 4-6 weeks…