So basically you think this will be a ranging market like we had in Aug last year, the month that went nowhere, but with a much wider range? Hell, why not. The Fed really blew their load the other day with that 50 bp emergency cut. Seemed premature. And I cannot fathom April earnings helping much.
I'd say YM will be sub 20K by the end of the month. Eventually the numbers affected will get so big it won't matter, 1 person dies that's a tragedy, 1Mil die that's a statistic and nobody will care.
This sounds like an echo of the last 10 years of the most hated bull market in history. Same song being sung no matter what the market does, therefore nothing is different. That said, my psychic cat says 22K dow before ATHs, again! 22K Dow plus or minus 2%, closer to May... not by the end of this month.
This is a joke compared to 2008 You had major companies going BK almost every day for months. And it was much much more orderly selling. Today so many algo whipsaws to run stops/shakeout. still good trading but 2008 was obscene opportunity
I survived because I froze, like a deer in the headlight couldn't act, couldn't even bring myself to look at the statements, put my head in the sand.