There is a chance that we might know on Thursday.
> a retest of the March 23 lows remains an easily imaginable possibility <
I really missed the boat here. I should have become a stock market analyst. But maybe it’s not too late: The market might go up. But then again, it could go down or possibly just move sideways.
That was actually pretty easy.
These so-called analysts never cease to amaze me. By historical definition, a Bull Market ends when the market closes down 20% from its high. By the same definition, a Bear Market ends when the market closes up 20% from its low.
At this point, we are already in a new Bull Market. The only question will be, “How long does it run?”
The only thing making this different than past comebacks from huge selloffs is the reason for the selloff to begin with which was non financial.
Once the reason for the selloff is removed the markets should comeback steadily as the Nation/World returns to work.
We shall see.
the economy hit the iceberg.....this is the part in the movie right afterwards where people are out on deck playing with the ice and snow .........
The dow will definitely go up, but not because it’s value changed. Rather, the virus stimulus is ridiculously inflationary. The dollars will be worth so little that the dow will HAVE to go up - because the dollars are worth so little.
For those who might get back to financial market health, (paraphrasing) “If it’s not in your hands and you cannot defend it with a weapon, you don’t own it.” - Ann Barnhardt
As I type this, a 30x50 garage/shop is being built right here next to my house. The price will seem cheap in a year.
The Big Money knows this is almost over - they are laying their money down
Hmm...so the market could go down. Or it could go up. Or it could go up and down. Or down and up. I think I’m getting the hang of this.
2.5 trillion dollars in free money, including a levered fund to buy 4 trillion in assets........
is positive for asset prices.
“The market will likely remain vulnerable “to anything that doesn’t feed the conversation of things continually improving,”
Isn’t that always the case?
Good news on the virus front will continue. There are many seeds that have been planted that will be bearing fruit soon.
The bad news will come in the next quarterly earning reports. How quickly people are allowed to go back to work will determine how fast the market recovers.
Anybody that claims to know anything about the market’s direction is a liar. Always. Even if they are right.
I do not understand why these threads contain zero information from posters about actual stocks.
“The Market” for successful investors is not the S&P or anything else so vague.
I bought NCLH and some other cruise lines (not CCL) immediately and sold some time after.
I bought PFGC and a few other “panics” and sold.
With these earnings I bought more F, GE, TEVA, XOM, others and intend to hold with good sell orders in place.
“The Market” is you.
For every buyer there is a seller.