RE: Can we hit the 2nd resistance 1p :) tomorrow9 Sep 2020 00:54
Not what I am hearing on the internal grapevine, honestly. Although I am hearing it on the news but then again god knows what the Government will decide to do day to day by this point. I'm from Middlesbrough as well. Either way here's to a certain antibody home test that takes twenty minutes saving us from an even worse recession due to secondary lockdowns.
Sure I stand to make money thanks to a commodity safe haven effect, among other things like fiscal policy (so much debt), but I know all too well what it is to be on the bottom rung during a recession. Young adult Tesco Night Worker during the 07 crash. More lockdowns will equal more lost jobs as well as more part time/reduced hour jobs.
Just look at the Nasdaq. Sure it looks way better than the FTSE but how many of the over 1.5 million jobs created recently over there are part time/reduced hours? So basically I am of the opinion that lockdowns are a cure worse than the disease. Not that my opinion is going to change governmental policy of course.
GLA and good health.