We will rally and then re test the bottom

[NY_HOOD]

we will continue to rally until earnings guidence in a week or two. Then we will sell off again. Thats what usually happens in bear markets unless this is a quick V- shaped recovery which i dont know how that would be.

 

[dozu888]

can you just shut up because you have nothing intelligent to say?

 

[NY_HOOD]

can you just shut up because you have nothing intelligent to say?

No, Can you please speak using ebonics so i can understand you.

 

[ElCubano]

How about earnings drop already factored in and now stimulus getting factored in. If corona virus let’s up what do you think will happen? The panic has already subsided. I can tell by comparing grocery shopping yesterday to 3 weeks ago.

 

[tommcginnis]

How about earnings drop already factored in and now stimulus getting factored in. If corona virus let’s up what do you think will happen? The panic has already subsided. I can tell by comparing grocery shopping yesterday to 3 weeks ago.

^^^^^^^THIS. ^^^^^^^

 

[BurtBurton]

we will continue to rally until earnings guidence in a week or two. Then we will sell off again. Thats what usually happens in bear markets unless this is a quick V- shaped recovery which i dont know how that would be.

I have to agree. I just don't think people fully grasp how much money is being lost in the economy right now. Even if there wasn't a coronavirus ravaging the world, and profits weren't affected, the stock market just now dropped to fair valuation based on existing earnings. It's true we are pumping a 2T stimulus back into the economy, but people are going to be using it on rent and groceries. Landlords are going to save the money in case their tenants can't make rent for the next few months to pay their mortgages.

 

[BurtBurton]

How about earnings drop already factored in and now stimulus getting factored in. If corona virus let’s up what do you think will happen? The panic has already subsided. I can tell by comparing grocery shopping yesterday to 3 weeks ago.

Stock prices just got to fair valuation WITHOUT an earnings decline. It was historically overpriced!

 

[NY_HOOD]

I agree Burt.
The virus was the needle that popped the bubble.

 

[hhiusa]

I have to agree. I just don't think people fully grasp how much money is being lost in the economy right now. Even if there wasn't a coronavirus ravaging the world, and profits weren't affected, the stock market just now dropped to fair valuation based on existing earnings. It's true we are pumping a 2T stimulus back into the economy, but people are going to be using it on rent and groceries. Landlords are going to save the money in case their tenants can't make rent for the next few months to pay their mortgages.

All this is true, but people are incredibly gullible. The administration will try to save the economy people be damned. People just heard 3.28 million people are unemployed as of March 21, and the market rallied. LOL

They are being told they can return to work if they wear PPE. They honestly don't care if 100K or 1M people as long as the economy is propped up. People will do what they are told like monkeys.

Unemployment will still skyrocket and yet they will push harder and tell us that it is OK. "We expected 20-30% unemployment, so you shouldn't worry", even if you are homeless. LOL

 

[ElCubano]

Stock prices just got to fair valuation WITHOUT an earnings decline. It was historically overpriced!

Fair Value, overpriced, underpriced. The market could be any of those at any given time.