look at the big chart, the market spent nearly 13 years to jump out of the consolidation between 2000-2013, and then spent 6 years to move another 125%. the momentum of this decline is much stronger than 2000 and 2008. in 2000 and 2008, spy crashed 50%. this time, if the market also goes down 50%, it will be at 1700. since the momentum is stronger, I guess the market will test 1300-1500 area. then we will not see 3400 in next decade.
Disagree. Not sure where the bottom is (1850-2000 as of now is my guess). But If the market doesn’t see 3400 in the next decade this country will be so fucked. The amount of stimulus being thrown around is insane. If/when we get a vaccine or even a treatment the market should rip.
Right re CV tx will cause RIP, but probably just a couple of weeks, main factor is broken consumer spending, small biz closures, recession My new favorite etf is small cap bear TWM, plus AMZN ZM stay home plays I am going to scale in aggressively TWM at 2day highs
Maybe. But there will be tons of opportunities to go long and short during this "bear" market. Take advantage. Fortunes will be lost. Fortunes will be made.
This is a trend traders' market. Trade with the trend and consider your stops. If it's too volatile for you - don't trade. If life is more complicated (other job, quarantine, health etc.) then don't trade.