re: When will market be back to 29,000?

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That shut down is going to leave scars that won't pop right back.

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My personal belief is that the market will expand the multiple and look right through the muck and mire of bad Q1-Q2 prints/guides as good news continues to pour in. My best guess is that many CEOs will have conservative posturing on Q1 calls beginning later this month and won't have much to go off of yet but the market won't care. Could be wrong but that's what I'm thinking unless we see some bad news start coming out again.

Eta: obviously this is for the stock market itself. I'm not disputing the notion that there will be some issues to sort through in the broader economy unfortunately.

Eta2: as a caveat, OPEC is an annoying wild card. But the energy sector weighting in the market just isn't that meaningful anymore.

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I didn’t call him that because of a single post. It’s his history of posts. He hates America

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Definitely. Biggest flip flopping idiot on this board

August 17, 2020

A lot of it will depend on Nov Election. If Trump is elected this time next year.

It’ll be a while

I'm far from an expert here, but it seems to me the market was artificially inflated by corporations funneling huge amounts of profit into stock buy-backs. And now the stimulus package prevents them from doing this (assuming they would even have the cash flow).

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That shut down is going to leave scars that won't pop right back. Businesses will go under, loans will default, some unemployment will remain. I hope it's back within a year. That might be too optimistic.

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I agree with this except I'll say that the market isn't always a reflection of the economy itself. You are right about the damage that's already been done to the economy. And, every day that goes by it gets worse.

But, I could see the market rebounding a lot sooner than the economy does.

July14