You said the same thing a long time ago. Unless the FED starts buying stocks themselves at the Open - today is going to be another RED day. Already is. Does not preclude strong counter moves of course.
I'm afraid I am one of the poor guys that can't see it. Can you please explain what exactly you see? And what 'soon' means in this context?
I mean far be it for me to criticize another's calls, but B1, he does have a huge point. In 2018 we were down 20% in 2 months. We are down 30% in three weeks. This is not a correction. This is a crash. At some point you will be right, but it sure would be nice to hear... "I f'd up bad fella's, I was dead wrong." Staircase up, elevator down was the old adage. Well this time around we had the elevator up.... and now its the tenth story window down. As for "this will be over soon"... I sincerely hope you are right. Not for the markets, but for everything we hold dear. God I hope you're right.
Expect governmental power grabs that will make FDR look like Reagan. With states and cities ordering businesses like bars and restaurants closed, many thousands of week to week employees cannot meet rent and car payment obligations....the hits keep coming. The very powerful see opportunity, the politicians and corporate heads are afraid of the lawyers and the working folk will get the shaft as usual.
This is the week it hits the fan... where everyone will know someone that is infected with COVID 19 ... Starting to see hostility & unrest starting to rear it`s head in stores here in nyc metro area.. Panic is a desperate emotion that has few limits if any! I feel we are about to see it!