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re: Is there any reason to believe the last 3 days isn't just a dead cat bounce?

Posted on 3/28/20 at 10:37 pm to
Posted by TigerDom
Puerto Rico
Member since Jun 2004
5570 posts
Posted on 3/28/20 at 10:37 pm to
The Cat Be Dead.

1. Rebalancing of portfolios by fund managers will terminate Tuesday at the end of the quarter, which will eliminate a major flow into equities.

2. Price of oil will crash in a few days once there are no places to store it and this will crush the stock market in a way that will make the 2015-16 Oil Price Shock look like child's play.

3. Earnings will start coming in within days and downgrades will follow.

4. Unemployment will skyrocket and consumer confidence will crater within days.

5. Oh yeah, there is a pandemic.

"Houston, the rocket ship has a problem."
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