monday more bloodshed

[clumsysilverdad]

this is just the beginning, an appetizer to a 7 course meal. expect 6 more months of progressive tanking, minimum reduction another 20% off the top of the S&P, minimum. the coronavirus is an excuse, this is about fundamentals and worldwide economies underperforming, earnings are in the crapper.

Comments

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[chekohler]

I’m still not sure they’ll let it tank yet if it drops 50% from now it’s still higher than the ATH from before the 2008 crash! I think they can still take interest rates to close to zero, zero or even negative and keep pumping funny money by the fed to keep the party going

It will be interesting to see how long this house of cards and stay up

[tomsmaid]

We don’t know how corona virus card will play in near future. I was thinking fed will pump stocks at least till new election, but don’t know now.

Posted using Partiko iOS

[chekohler]

I read an amazing comment today The corona virus is an epedemic not a pandemic like the current money printing rate is not QE

[olimiesma]

I have always liked your thoughts.
Warm regards from Spain

[tomsmaid]

That about crypto, will perform the same as stock market?

Posted using Partiko iOS

[chekohler]

I think so, as people look for liquidity they sell off their most liquid assets and crypto is easier to extract cash than say a home or a bond