After another worst-session since 1987 for the Dow industrials DJIA, +5.19%, complete with 3,000-point drop, some green has been lighting up the screens this morning
Our call of the day comes from a forecaster who escaped this bear market by exiting 90% of stocks before the virus started to grip the world, after he warned months prior of too much optimism for equities. Yves Lamoureux, the president of macroeconomic research firm Lamoureux & Co. who correctly predicted a panic event of 2018, now sees a series of rolling bear markets ahead.
He believes markets may be reaching the end of the current selloff — though it will expose overindebted companies and consumers — and that should open up opportunities to selectively pick companies. But it isn’t over. The chart Saxo Bank’s chief investment officer Steen Jacobsen shares this chart of past and present bear markets.
The stock market was not similarly affected by Spanish Flu. Likely a comorbidity of factors causing market to drop & dead cat bounce. All humans on planet are taking actions collectively in a manner that is unprecedented. How do we utilize effectively to reverse fall in stocks?
Lol experts were wrong for years now say I told you so due to a virus that literally is shutting down the economy? It’s not a popped bubble, companies are literally not working