FA Thinking: how Wall Street get 2nd stimulus?

buctusa

Nobel Prize winner Paul Krugman earlier told CNBC that the first stimulus program in the US was not enough to avoid a Japan-style "lost decade," though it managed to help the world economy skirt a depression. He added that a second stimulus is needed.

Although the latest data point to a rebound in activity, the rally in risky assets could continue for two or three months, but then question marks will rise regarding the sustainability of the revival, said Jonathan Cavenagh, currency strategist Westpac Bank, in an interview on CNBC.

"I think the market will start to get a little bit disappointed with the recovery," Cavenagh said, adding that U.S. unemployment was likely to stabilize but not come down soon.

If a new bull market starts here, how Wall Street get 2nd stimulus???

So 580 might not be the castle built in the air.................