Hi Friends,
The bad news continues to come in droves as individuals, businesses and the economy suffer due to the coronavirus shutdowns. The Fed has stepped in, and the White House is working on significant stimulus, but the action and potential action seems to not be enough to satisfy market participants.
This too shall pass, but what is the right entry point? Seems like we have further to go, but timing the bottom is always a difficult task.
How low do you think we will go?
Glad you stopped by,
Brian
Everyone thinks that this will be a V-shaped recovery.....I believe this economy will unravel with a problem lurking around every corner. Each step down creates counter-party risk for another. Just like the USD rising, causing emerging market risk, which creates another institution failing as that risk is revealed........So this could be a Japan, for the last 30 years, their stock market has not recovered......never reaching back to their previous levels. The USA is Japan, excessive debt, and soon, a loss of Reserve Currency Status.
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It's time to invest in toilet paper
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I think we'll see at least a 50% correction from 2008 lows to recent high. Just my opinion, but I think it's a falling knife situation. Personally, I'm cost averaging in when I can
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