(03-11-2020, 04:42 PM)HURRICANE!!! Wrote:

(03-11-2020, 03:39 PM)jagibelieve Wrote: I think we are near the bottom right now though it might go lower.  I don't see a recovery back to near the levels we were at until at least the end of Q3 (end of September).  It could possibly go lower.  Expect banks to go under, especially with the hit to the oil industry right now.  The bad part about all of that is it's going to lead to layoffs and the loss of jobs.

The OP is pretty much close to what my prediction would be though I don't think (hope) that it will dip down that far.

Give me some numbers and dates

Prediction
1) Bottom: 
2) Bottom Date:   
3) Dec 31 2020 Dow: 

I can't really do that with any real accuracy.  I will revise my estimation as far as getting back to the levels that we were at (all time highs) out to possibly the end of Q3 2021.  The market needs to find it's bottom which I hope is soon.  Then there will be a slow increase over time to get back to where we were.  Think about it.  Businesses are being hurt by this virus and the (in my opinion) over-reaction to it.  That includes everything from large corporations to small businesses.  There will also probably be layoffs because of this due to businesses not reaching profit goals.  And that's just the "virus problem".

The other problem is the large drop in oil prices.  In the short term it does provide some relief at the gas pump for consumers, but it's going to cost jobs and losses not only to the oil industry but also the financial industry.

If I was going to throw some numbers and dates out there I would agree more with what TRM stated above.

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