Ameliorate
Member
The pattern continues to repeat itself. Expect a down day tomorrow after a modest rally today, continuing with steady declines to EOW.
Then the weekend.
Then Monday will be a bloodbath from bad news over the weekend.
The real question is where the bottom is and how much further we have yet to fall.
I didn't really think there was even remotely a change we would see $180 again on $TSLA but this is a black swan. When the swan is black, there is no predicting what will happen next.
Just to be contrarian No Idea where the bottom is, but I sure like the idea of feds giving a business interruption insurance to companies who do not lay off employees. (Not that I would get anything up here, it just sounds like one of the more logical and fair solutions)
Hedge fund manager: I'm buying stocks because investors are misinterpreting coronavirus hysteria
"While this will undoubtedly create an economic shock, the stock market reaction has gone completely too far, Sandler contended.
Sandler said even if U.S. GDP falls by 10% in the second quarter, which is a more dire forecast than the 5% prediction from Goldman Sachs, it equates to a loss of around $500 billion.
“We have lost $10 trillion in market cap” due to the market’s steep declines from its February highs, he said. “It is so far out of proportion I don’t even want to talk about the numbers.”
And with the government likely to provide fiscal relief measures to cushion some of the economic consequences, Sandler said the opportunities to buy stocks are there.
In particular, Sandler said a promise of business interruption insurance from the government would reduce worry, both from business managers who are concerned about their companies’ fate and workers who are concerned about their next paycheck."