Well, I guess all the chatter about “re-opening America” has people ga-ga over stocks even more than they have been over the past few weeks……….
![RIPPER](https://slopeofhope.com/wp-content/uploads/2020/04/RIPPER-640x387.png)
So, let’s see the assumptions here:
- We’re going to re-open everything immediately;
- Everyone will instantly go back to work like before;
- People will resume their old habits of eating out, going to concerts, and shopping just like before;
- The virus is gone forever;
- Valuations will return even higher than they were before.
OK!
On top of all that, I guess since the first $23 trillion in debt wasn’t enough, they want to throw another $2 trillion on the pile for “infrastructure“. So, as I’m typing this, the ES and NQ are up 2% and nearly 3%, respectively.
It’s been quite a ride since March 23.
![ESBOUNCE](https://slopeofhope.com/wp-content/uploads/2020/04/ESBOUNCE-640x380.png)
![NQBOUNCE](https://slopeofhope.com/wp-content/uploads/2020/04/NQBOUNCE-640x382.png)
As for me, I had a profitable Thursday, and I remain 160% committed on individual issues (no ETFs). Let’s see how this whole “re-opening” thing pans out.