Methinks the 200 MA will get taken out this time.SPX 3600 - 3000
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Under 3000.
Almost zero chance....in my opinion. But I could be wrong. I cannot see any catalyst that put market corrected that much. Especially the Fed's agenda is as clear as water: Propping up this market.
The virus will be likely in control in a week or two... And nobody will remember it anymore. You have to understand this coronavirus is less virulent compared to SARS and the dead ratio js only what 2-3% compared to 20% from SARS.Virus could do it, goes wild swamps the health care system, without treatment being available much higher death rate, panic and everyone house bound.
Holy f.... That's a wild bullish projection there.high of 4598
close of year on 4234.187
The virus will be likely in control in a week or two... And nobody will remember it anymore. You have to understand this coronavirus is less virulent compared to SARS and the dead ratio js only what 2-3% compared to 20% from SARS.
Bottom line... I am not surprised if stocks are all time high again next week. Everything is back to usual. The coronavirus is overblown.