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Stock Market Under Trump
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(04-03-2020, 10:33 AM)The Real Marty Wrote: Okay, back to the stock market. I both agree and disagree with your opinion. I agree that earnings are going to be ugly, however it's pretty much expected when the economy is forced to shut down. Lower than expected earnings should not be a surprise. What is going to hurt the most is many small businesses will probably not be able to recover from this. I do hope and think that market will resist testing or breaching the lows. We briefly exited "bear territory" (20% above the lows and specifically in the case of the DOW around 21855) and are flirting in that range. The volatility is not there and we're not seeing any wild swings one way or the other. Even after today's news regarding the jobs report the DOW is only down around 1.5%. With that being said it certainly could change. My guess is that once we do see a flattening of "the curve" regarding the virus and people are able to get back to work we will see the market turn around rather quickly. My thought is that will probably happen sometime towards the end of May barring anything unforeseen happening. There are 10 kinds of people in this world. Those who understand binary and those who don't. |
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