Indeed will be interesting to see, looks like DOW/NASDAQ/S&P have made a higher low and higher high, I had a quick look back at 2008 charts and didn't see that happening I don't think, looking at weeklies? Then again we don't have much data to work with in the current environment so I suspect I am looking through rose-tinted glasses.
You should study this chart clip
”When investors are euphoric, they are incapable of recognising euphoria itself “
The Dow has held up well the last couple of weeks,hasn't been hammered in a little while.Perhaps we have seen the bottom of this?
I still think the events unfolding in the US, will have a profound long-term impact on the markets. Just because Trump say's 100-240K deaths means they've done a 'good job', doesn't translate to a well performing economy.
The Dow has held up well the last couple of weeks,hasn't been hammered in a little while.Perhaps we have seen the bottom of this?
Market does not price in so far the long term impact of the virus and we haven't even seen the peak of the first wave of infections (and deaths) in the so called first world. Wait for the deaths to pile up to a handful of millions - and wait for the developing nations to catch up. Wait for the likely second and third wave of the virus going through, unless the Trumps and the Johnsons of the world change their game. Wait for months or a year or two with unprecedented unemployment numbers and business interruptions.
If that's over, it might make sense to look for the bottom.
My favorite analyst described the current situation as the "eye of the hurricane". In my view not yet the time to relax ...
Last edited by BlackPeter; 08-04-2020 at 11:37 AM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Good thoughts there ta BP. Having said that there are always over run opportunities to maybe take a starter holding in but im preserving most of my cash atm.
Good thoughts there ta BP. Having said that there are always over run opportunities to maybe take a starter holding in but im preserving most of my cash atm.
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