Your forecasting ability is worse then zero proven over many years. I'm inclined to think serious support around 2820 will basically hold until the election. Note that I predicted we'd touch 3200 by end of last year when most of you thought that was a pipe dream.
Nope. Think election. T will parlay the virus into 3 or more rate cuts, the Corona vaccine will be released, China trade issues will be magically resolved... and the economy will be a raging blaze around election time. Everyone's 401k will be bursting at the seams. 2021 will be the big bear run.
Haaaa....right back to hopes and more Hope's of the fed propping up markets once again...damn this never gets old!!!! MARKETS Dow futures higher on hopes of global monetary stimulus PUBLISHED MON, MAR 2 20206:02 PM ESTUPDATED MOMENTS AGO Jesse Pound@JESSERPOUND Eustance Huang@EUSTANCEHUANG KEY POINTS As of 4:30 a.m. ET, the Dow Jones industrial average indicated a positive open of more than 50 points. Futures on the S&P 500 and Nasdaq-100 were both slightly higher. In a volatile session, Dow futures had jumped 150 points earlier. https://www.cnbc.com/2020/03/02/dow...ng-extending-mondays-huge-comeback-rally.html
Hope everyone is selling those wild gains. Futures just turned pretty quick. Could easily have a 2-3% drop coming today.
The bulls should have wished for a gigantic drop monday in order to get the G7 to agree to a global rate cut but since the markets spiked yesterday the central banks eased back on any possible rate cut.
Uh ohhhhh From cnbc breaking news New York City high school reportedly closes after suspected coronavirus case in its community https://www.cnbc.com/2020/03/03/new...pected-coronavirus-case-in-its-community.html