Still a strong bull market says the quarterly chart

[VEGASDESERT]

people are idiots.

even IT, and that's a huge IF, we do get into a serious crisis.. then what....

this country is owned by the elites who own all the assets... you think them gonna let the assets go down in value.

if 1 trillion not gonna do it, then 10 trillion, 100 trillion... there is no limit.

why do people not learn.... 2008 already laid the road map.

yup, massive economic shit storm 2008 recovered in 2 years. 87 crash, recovered 2 years.

virus pandemic under best labor market ever...?

 

[dozu888]

yup, massive economic shit storm 2008 recovered in 2 years. 87 crash, recovered 2 years.

virus pandemic under best labor market ever...?

pandemic that has killed 4000 so far, roughly 1 day worth of world wide road kill... and now we have a VIX all the up there almost to the 2008 crisis level.

when this thing finally blow over people are gonna look back and agree with me.

PEOPLE ARE MORONS.

 

[dozu888]

and 1 point referring to this thread.

yes isn't it amazing we have 75 vix and the trend channel is still pointing north east.

back in 2008 at vix peak that whole SP chart was going south east.... long term chart.

 

[schizo]

pandemic that has killed 4000 so far, roughly 1 day worth of world wide road kill... and now we have a VIX all the up there almost to the 2008 crisis level.

when this thing finally blow over people are gonna look back and agree with me.

PEOPLE ARE MORONS.

No people are not morons, just cautiously pessimistic. Nevertheless, this is the same crappy analogy you gave when we were trading at the top of the market. You stated everything was all rosy, nothing to worry, just sell your mortgage and buy as much QQQ and, before you know it, you will be fabulously rich.

And here we are only 4 weeks after we hit the ATH: Down nearly 30%.

Back to the subject of corona. You don't know what will happen to the corona virus. Yes, the mortality rate isn't as high at the moment, and people anticipate that it will die out when the weather goes up, but what if it doesn't? What if the countries cannot stop the contagion? What if cities and states impose quarantines like in China? Recently, it's been reported that more younger crowds are getting sick and hospitalized.

 

[VEGASDESERT]

pandemic that has killed 4000 so far, roughly 1 day worth of world wide road kill... and now we have a VIX all the up there almost to the 2008 crisis level.

when this thing finally blow over people are gonna look back and agree with me.

PEOPLE ARE MORONS.

Some perspective below.. and nobody cared or remembered.

 

[Overnight]

and 1 point referring to this thread.

yes isn't it amazing we have 75 vix and the trend channel is still pointing north east.

back in 2008 at vix peak that whole SP chart was going south east.... long term chart.

Umm, I dunno what your charts look like, but these charts are also pointing southeast?

 

[Overnight]

Some perspective below.. and nobody cared or remembered.

View attachment 221958

In April 2009 we were already near the bottom of something else that caused the drop. This thing IS the cause of the drop.

 

[VEGASDESERT]

In April 2009 we were already near the bottom of something else that caused the drop. This thing IS the cause of the drop.

YES, exactly my point. Sure stocks may be overvalued regardless and market may have topped out for a while regardless. BUT the pandemic is the 30% drop so when institutions start buying aggressively you'll see 2000 point moves to the upside.

 

[schizo]

In April 2009 we were already near the bottom of something else that caused the drop. This thing IS the cause of the drop.

When the market is about to drop, it will take any excuse.

 

[schizo]

YES, exactly my point. Sure stocks may be overvalued regardless and market may have topped out for a while regardless. BUT the pandemic is the 30% drop so when institutions start buying aggressively you'll see 2000 point moves to the upside.

Before that ever happens, I'm afraid we will see massive recession and, equally, massive unemployment.

BTW, as I've stated elsewhere, I don't think we will see the ATH again in our lifetime.