A long time ago, there was a big sickness called COVID-19 that made many people and businesses very sad. This made the money place where people buy and sell things called stocks go down a lot. But then, the people who help make things better started to work hard and make new medicines and ways to stop the sickness. So, the stocks went up again and now they are almost as high as before the big sad time. If you had bought some of these stocks when they were very low, you could have made a lot of money now. Read from source...
1. The title is misleading and clickbaity. It implies that the reader will learn how much they would have made if they invested $1,000 in SPY at the 2020 pandemic lows. However, the article does not provide any actual calculations or numbers to support this claim. Instead, it offers a vague and general overview of the market situation without giving any specific details or insights.
2. The article uses outdated and irrelevant data. For example, it mentions the market staged a V-shaped recovery and resumed its uptrend that lasted until the end of 2021. This is inaccurate, as the S&P 500 has continued to climb higher since then, reaching new all-time highs in March 2023. Additionally, it refers to the equity market plummeting shortly after the COVID-19 pandemic, which ignores the fact that the market had already been on a downtrend before the pandemic began.
3. The article lacks any critical analysis or objective evaluation of the market situation. It simply repeats the common narratives and mainstream opinions without questioning their validity or accuracy. For instance, it claims that the S&P 500 currently trades just shy of its all-time highs, indicating investor optimism about the economy's future direction. However, this statement does not account for other factors that may influence the market, such as inflation, interest rates, geopolitical tensions, or macroeconomic imbalances.
4. The article demonstrates a lack of understanding and awareness of the underlying causes and consequences of the market turmoil post-COVID-19. It fails to address the root causes of the pandemic, such as the failure of global public health systems, the inadequacy of social safety nets, or the environmental factors that contribute to the emergence and transmission of zoonotic diseases. Moreover, it ignores the long-term impacts of the crisis on various sectors, industries, and communities, such as the rise of inequality, poverty, unemployment, mental health issues, or climate change.