I agree, there is going to be a lot of bad news coming out. Who knows how the market will react though. I think down big time, but what do I know.
What a lot of people seem to leave out, this is a world wide problem. Possibly still a problem in China even, really hard to tell what is the truth coming out of there. I think Europe may be especially vulnerable.
Even if this blows over in a few months, which it may not, a lot people are going to be out of money and too scared/concerned to go out and mix with others. Think restaurants, bars, planes, and traveling in general.
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Originally Posted by Paul T
I always hesitate to make general market predictions, especially when they are saved on the interwebs forever! But, I'll make an exception here. Don't be fooled by the latest rally...stocks really aren't "that" cheap here historically and earnings are going to continue to deteriorate into Q2. Likely we're going to see several NYC style hotspots in the coming weeks with ICU units overwhelmed. Ignoring social distancing in the short term will only exacerbate this. The news in general is not going to be good the next 4-6 weeks, IMO. I would not at all be surprised to see 1800 SPX in the next month or 2. Hope I'm wrong....
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