An updated version of that chart that often pulled out in these times
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An updated version of that chart that often pulled out in these times
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 ...
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.
Im assuming this is he, if so thanks.It is a good read
April's Market Outlook: Is This the Eye of the Hurricane ...www.thestreet.com › investing › aprils-market-outlook-is-this-the-eye...
Not quite, but this is a good read as well. I was referring to David Bassanese's weekly update:
https://www.betashares.com.au/insigh...-of-the-storm/
He might not be that famous, but he is closer to home.