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Message
re: Stock market predictions 3/20-11/3
Posted on 3/20/20 at 10:52 pm to FlexDawg
Posted on 3/20/20 at 10:52 pm to FlexDawg
This is the beginning of a bear market. And it's going to last years. The virus is nothing more than a pin prick to burst the bubble that was long overdue to be deflated.
I expect the dead cat to bounce only once the virus is under control. It will look like the bull is back and will die a painful death. That cat is in free fall mode right now. No stopping it. Where's the bottom? I have a minimum target of 1300 SPX. But I will not be surprised if we revisit that dreaded 666 # from the 08/09 financial market crisis. And we may get there faster than you can imagine.
Note the attempts at QEs that have worked in the past have been met with heavy selling. The amount of money offered up is historical and will have no impact.
The Fed can no longer bail us out. A big mac for fiddy cent is right around the corner. But since half the country will be bankrupt no one will be able to afford it.
If you own stocks, get out now unless they are related to a cure or inverse ETFs. Staples of the US economy will no longer exist. Companies like Boeing are already on the brink.
My money is where my mouth is. I have a lot of time on my hands and capital to allocate. I'm short like a mother fricker right now and will be for some time. Enjoy the shite show that is underway. There has never been anything like this before. Don't underestimate its potential to destroy wealth.
I expect the dead cat to bounce only once the virus is under control. It will look like the bull is back and will die a painful death. That cat is in free fall mode right now. No stopping it. Where's the bottom? I have a minimum target of 1300 SPX. But I will not be surprised if we revisit that dreaded 666 # from the 08/09 financial market crisis. And we may get there faster than you can imagine.
Note the attempts at QEs that have worked in the past have been met with heavy selling. The amount of money offered up is historical and will have no impact.
The Fed can no longer bail us out. A big mac for fiddy cent is right around the corner. But since half the country will be bankrupt no one will be able to afford it.
If you own stocks, get out now unless they are related to a cure or inverse ETFs. Staples of the US economy will no longer exist. Companies like Boeing are already on the brink.
My money is where my mouth is. I have a lot of time on my hands and capital to allocate. I'm short like a mother fricker right now and will be for some time. Enjoy the shite show that is underway. There has never been anything like this before. Don't underestimate its potential to destroy wealth.
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