Black Monday

[Baa_Baa]

https://finance.yahoo.com/news/stock...221609874.html

Biggest weekly rise by the Dow in 82 years - how’s that for putting things in perspective?

What perspective is that you refer to, to be even more cautious? https://www.investing.com/news/stock...omfort-2120653

[Balance]

What perspective is that you refer to, to be even more cautious? https://www.investing.com/news/stock...omfort-2120653

20% up on 60 = not the same as 20% down on 100.

[Crypto Crude]

https://finance.yahoo.com/news/stock...221609874.html

Biggest weekly rise by the Dow in 82 years - how’s that for putting things in perspective?

The DOW only rose like that because it fell so so hard...higher volitialy is higher risk... it's just a bear trap anyway.....you dont have the start of a bear market and then a few weeks later think it's all over... all the info suggests a far far deeper recession to come.... the 2 trillion will get spent and then we get a reality check...
Dont be left holding the baby, plenty of time to scoop up the juicy nuggets later on... I might even have to have a dabble in the stocks first time in yearrrssssssss....

.^sc

[Cyclical]

20% up on 60 = not the same as 20% down on 100.

Good point and easy to overlook. It's only recovered 12% of the original 100.

[Balance]

Good point and easy to overlook. It's only recovered 12% of the original 100.

The tsunami of trillions of dollars being printed - think through the implications for your money sitting in the bank today.

[Hoop]

The DOW only rose like that because it fell so so hard...higher volitialy is higher risk... it's just a bear trap anyway.....you dont have the start of a bear market and then a few weeks later think it's all over... all the info suggests a far far deeper recession to come.... the 2 trillion will get spent and then we get a reality check...
Dont be left holding the baby, plenty of time to scoop up the juicy nuggets later on... I might even have to have a dabble in the stocks first time in yearrrssssssss....

.^sc

Quote:- you dont have the start of a bear market and then a few weeks later think it's all over.

It has happened before a number of times in fact...I'm not suggesting it will happen this time...It may, it may not.
From my archives
Attachment 11171

[bull....]

The link below is to a photo album with a picture of the current sp500 chart which shows the break down out of the 2009 - 2020 bull market. the current rally is retesting the break down line. The numbers are elliott wave counts we are now in a bear decline similar to 2007 time period but more than likely more severe in market decline. the projected counts suggest this and modelled together with economic data confirms this.
the grey shaded area is the likely end of the re test area some where between 2600 - 2750.( it did get into that area thurs / fri so next few days will confirm if thats the end of the re - action rally) the grey area was found from taking the all time high of the sp500 and the current low since the high and projecting the retrace.

https://i.ibb.co/PxqWyP0/Screen-Hunter-472-Mar-29-11-20.jpg


heres some good reading also from NOURIEL ROUBINI


This trifecta of risks – uncontained pandemics, insufficient economic-policy arsenals, and geopolitical white swans – will be enough to tip the global economy into persistent depression and a runaway financial-market meltdown

https://www.project-syndicate.org/co...oubini-2020-03

[Balance]

This trifecta of risks – uncontained pandemics, insufficient economic-policy arsenals, and geopolitical white swans – will be enough to tip the global economy into persistent depression and a runaway financial-market meltdown

https://www.project-syndicate.org/co...oubini-2020-03

https://finance.yahoo.com/news/gloss...120337473.html

You reckon without the unlimited amount of $$$$ which will be pumped into the global economies.

G20 on the verge of announcing a package to pump $5 trillion (5,000,000,000,000) into their economies. Plenty more to follow as printed money is FREE.

Universal payment of a living wage to all citizens of working age - that's in the pipeline too.

Think through the implications.

Not a time for doomsday scenarios - but to consider carefully what is most likely to happen when that tsunami of $$$$ floods the global markets.

I believe some of us have, know what we are going to do and we will let you all know what we do when we have done it!

[BlackPeter]

...

heres some good reading also from NOURIEL ROUBINI


This trifecta of risks – uncontained pandemics, insufficient economic-policy arsenals, and geopolitical white swans – will be enough to tip the global economy into persistent depression and a runaway financial-market meltdown

https://www.project-syndicate.org/co...oubini-2020-03

Lovely bedtime reading ... and sure, it all could happen.

The author however forgot to mention the looming nuclear war between North Korea and the US (with South Korea and Japan toast) as well as the tsunami of Corona virus infected zombies which will flood Europe (coming from Asia / Africa), the US (coming from Central America) and Australia (coming on boats from SE Asia) which will kill anybody in its way.

Plenty of opportunities for things to deteriorate, even if the Brexiting Brits wouldn't attack the continent with their nuclear arsenal. You see - nuclear radiation disinfects ; Of course - we still forgot the Russians in this game, who will use the power vacuum in the Middle East and expand their territory through Turkey and Syria / Iraq with direct access to the Indian Ocean.

Don't get me started to develop a worst case scenario - your horror author is a pussy cat with little fantasy.:

But let's not forget that the worst Covid-19 is likely to do is killing something like half of the typical annual growth of the human population (and this is highly unlikely caused by the virus, but yes, supply shortages of essential goods like food might turn into a problem), while WWII made a real dent in the population statistics. During WWII most of the existing European manufacturing infrastructure was turned to rubble, while after Covid-19 people just need to enter the factories and turn on the switch again.

But of course - Covid-19 will create the bigliest disaster ever - same as Trump made America great again. Look - they are already leading the Covid-19 league.

Got a bit darker stuff to read?

[allfromacell]

Good to see that new case number growth has declined for the 3rd straight day. A shame about the death though, RIP.