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Started By
Message
re: Monday's DowJones futures open UP 300 points Sunday afternoon
Posted on 4/6/20 at 9:06 am to Dr Rosenrosen
Posted on 4/6/20 at 9:06 am to Dr Rosenrosen
quote:
I am telling you people this virus overreaction is utter nonsense and the market is going to figure it out very quickly.
The overreaction will end in May/June when Americans realize they have been had.
It’s probably a combination of overreaction and realism. A shutdown means a shift in money somewhere. The government is sending out checks and lowering interest rates and small businesses are strapped for cash and some people are out of work. There’s a lot of things happening.
Is it -9K of loss to the DJI worth of things? Maybe, maybe not. But I doubt we get back to 29K in June/July. Maybe between 25-27K by the fall would be my guess. But then again, maybe who knows.
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