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Re: "Worst Thing In My Career" - US Stocks Suffer Fastest Collapse From Record Highs Since Great Depression 

By: hydro_gen in POPE 5 | Recommend this post (1)
Fri, 28 Feb 20 4:12 PM | 26 view(s)
Boardmark this board | Pope 5 		Msg. 53648 of 62138
(This msg. is a reply to 53637 by Decomposed)
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Ahem.....SOMEBODY posted this last week:
http://northmantrader.com/2020/02/20/never-go-full-retard/

Also something about stairs up and elevators down. Just sayin'

PEACE ALL


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The above is a reply to the following message:
Re: "Worst Thing In My Career" - US Stocks Suffer Fastest Collapse From Record Highs Since Great Depression
By: Decomposed in POPE 5
Fri, 28 Feb 20 2:09 PM 		Msg. 53637 of 62138










Nemo:

Re: "Is it done??????? They remains to be seen..........."Doubtful - except maybe in the very short term. This correction was spawned by a specific fear. Until the depths of the fear are known, or there is grounds for optimism, how could the correction "be done"? I don't think we know yet how bad Covid-19 will get. Most who follow it think 'worse before better.' There's some reason to think that it is already worse than has been officially reported. If that turns out to be true, we ain't seen nothing yet.

I think the market will continue to fall while the Covid-19 situation is further assessed. Why should it resume its climb? There's no reason that I can see. Wait until the outbreak ends, or peaks, or we learn that summer will kill it off, or a vaccine emerges, or China is successful in getting back to work. There's got to be grounds for optimism.

From a TA standpoint, strong support looks to exist at 12-21-2018's 22,445.

It's kind of funny that a short time ago I was calling for the Dow to head into the 40,000s. But I think it's safe to say, NOBODY saw this coming. Covid-19 is a 'Black Swan.' This is bad news for President Trump's reelection even though it's absolutely not his fault.


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