basically the economy moves on disposable income. Where is that going to come from when people are going through their savings during this down turn. How are earnings even projected never mind calculated?
I sincerely doubt we'll see a quick recovery. The Feds stimulus is nice, but it can't replace the lost income of millions of people out of work, nor can monetary stimulus. Add that to the fact that many companies will go under due to high debt burden and substantially reduced cash flow. Furthermore, consumer confidence has taken a tremendous hit. And that's probably the most difficult thing to replace.
the question is how much is priced in already and is it enough. I think the market downtrend just began as the crisis is not even near its peak.
I agree. With the ensuing recession, apple will be making more money than they did in 2016? I dont know how. So my point is, apple can easily go to 2016 prices. As will many other stocks.
Market is going straight to hell until at least 3 quarters after virus vaccine or cure is found. Reentering SQQQ VXX TVIX etc now for swings. Trading bounces in casino MGM PENN plus oil DWT/UWT Virus will kill millions, it's worse than a war. The zombie apocalypse equivalent is here and the world is truly fcked. #truth Remember my only top call in my life I made here January 24. I am calling crash til virus cure will continue down, with dead cat bounces and bull traps