This is shaping up to be the worst economic downturn in history, according to many estimates. But history stretches much farther than most economic data series, which typically begin after World War II.
Jim Reid, strategist for Deutsche Bank, looked way back in a note entitled “800 Years of Large Economic Contractions,” which I find more interesting these days than binge-watching Netflix sagas about sociopaths who keep big cats.
Trying to call the bottom is a fools errand. Much better to buy when the price is right. When the big bounce comes it will leave everyone in the dust with cash in her pockets not on the table.
I'll take your word for it. Definitely not paying to read that article. Nice try though
This time is different
Until there a cure or vaccine, this problem is not going to go away.
Good
What for the President to get even more stupid...don’t think it can happen realDonaldTrump
_MichaelWhitton
Pssst: this was not a collapse based on the fundamentals... but you knew that already.
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Wall Street analysts bet on a bottom and upgrade more stocks, including Disney and Beyond MeatNew for subscribers: Wall Street analysts bet on a bottom and upgrade more stocks, including Disney and Beyond Meat Check out CNBCPro and get your first 30 days free. Pro Short short short Pro Bet on the bottom.... you'll be walking around town with bottoms, off
Source: CNBC - 🏆 12. / 72 Read more »
He nailed the March coronavirus selloff — now he says there’s another 30% to go before the stock market hits bottomHedge-fund manager Dan Niles, in a note cited by Yahoo Finance this week, warned his clients way back in February that he was getting “increasingly worried” investors weren’t ready for the impact the spread of the coronavirus could have on the U.S. economy. He’s not any more optimistic now then he was back then. _MichaelWhitton So he's calling a $14K bottom for Dow. No doubt, hang on to your metals positions.
Source: MarketWatch - 🏆 3. / 97 Read more »
Global Stocks Edge Lower as Oil Prices JumpBrent crude, the global gauge of oil prices, jumps over 10% after the news that OPEC and its allies are planning to discuss Monday reducing production by at least 6 million barrels a day 'Low energy prices also may have the impact that years of U.S. sanctions & pressure have not'. National Interest. It impacts fracking, Petro$, 23Tr. Debt, US-China trade. A domino that holds everyone to support USD as a Reserve and cushions us to painlessly run Tr.$ deficits
Source: WSJ - 🏆 98. / 63 Read more »
Wall Street price hike improves market optimism despite massive unemployment numbersStocks were mainly flat Thursday, as the markets struggle to digest 6.6M Americans filed for unemployment last week.
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