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Stock Market Prediction (Bottom and Year End)

#19

(03-14-2020, 05:55 AM)The Real Marty Wrote: Okay, here's my short term prediction based on what we know now, subject to change at any time.  

The market will briefly stabilize over the next few days as prices of individual company stocks adjust.  Up to now, stocks have been sold willy nilly, and there will be bargain hunting among the rubble.   Then after a few days of that, the market will slowly grind downward as buyers slowly realize the extent of the damage to the economy by people staying home and hunkering down.

This is the creative destruction of capitalism, where the weak are eliminated and the strong survive and prosper.

Sounds about right.  I am kind of "kicking myself" for not pulling the trigger on a few things that I consider "on sale" right now.  The price is still good, but I didn't expect the spike that we saw in the market yesterday afternoon.  It's interesting that the surge came as The President was holding a press briefing.


There are 10 kinds of people in this world.  Those who understand binary and those who don't.
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RE: Stock Market Prediction (Bottom and Year End) - by jagibelieve - 03-14-2020, 04:15 PM



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