SP500 back to $3300 by end of month

[orbit23]

Market has bottomed on friday on maximum fear and panic as Trump declared a national emergency. The liquidity has been used to start closing shorts 'en masse by the big boys.

In the next 2 weeks, markets will recover and SP500 will end the month of March at $3300. First two days of the week might be sideways or slightly down, but after that we will go only up, day after day, printing gains until SP500 reachs $3300 in about 2 weeks time.

 

[Clubber Lang]

Market has bottomed on friday
In the next 2 weeks, markets will recover and SP500 will end the month of March at $3300.

LOL

 

[Laissez Faire]

You beat me to it, @Clubber Lang.

 

[dozu888]

end of April.

 

[Clubber Lang]

end of April.

What year?

 

[MKTrader]

What year?

The '87 crash (around 32-33% drawdown--deeper than this one so far) took almost 2 years to reach a new high. Then again, things move faster now and we've had a much more "proactive" Fed since the late 90s and especially 2008. Recovering in a few weeks sounds ridiculous but it may be sooner than you think, especially if coronavirus turns out to be nothing but a nasty flu that doesn't like warm weather.

 

[nooby_mcnoob]

Market has bottomed on friday on maximum fear and panic as Trump declared a national emergency. The liquidity has been used to start closing shorts 'en masse by the big boys.

In the next 2 weeks, markets will recover and SP500 will end the month of March at $3300. First two days of the week might be sideways or slightly down, but after that we will go only up, day after day, printing gains until SP500 reachs $3300 in about 2 weeks time.

Entirely possible. Trump gave the signal today where he said he wants the market manipulators to do what they did on Friday, 5 times a day. It's going to suck.

 

[FriskyCat]

Let's say the scenario plays out and market gets back to 3300 in a month to six weeks after all of the REAL economic damage down...then what? Wile E Coyote back over the cliff again?

 

[PoopyDeek]

Ah hahahahahahahahah hahahahahahaha!

 

[dozu888]

end of April when them boyz flip the story around earnings aint as bad as thot.... like the online stuff nflx and shit may actually have better than expected, and people certaily will google corona shit a lot more which means more ad revenue.

plus the further p/e expansion because the bond yield is even lower now, so end of april is not out of the picture..

really.