Today's correction in equities was overdone. We'll likely give some back tomorrow.. But within 3-4 weeks, I suspect we'll be setting new highs. Earnings and funnys remain strong and I am betting on a good employment report Friday.
Caveat.. Today's rebound was largely based on speculation of Fed easing.
Good to see you back Tim!
I agree that we may see more downside. The bad news about the Coronavirus is not even close to peaking.
I'm in Florida on a 20th honeymoon with the wife in the land yacht.. But I've been lurking :-)
Going to be hard to set new highs
Many are down grading estimated earnings for Q2
Jaw boning won't get the stks up higher, unless Fed goes on a buying binge
Fed says they are not biased to election but it seems the market [Wall St.] has the Fed doing it's will
[Lower int rate for no reason except wall st wants lower int rate] is a prime example
So if Fed enters the arena, then stks could go higher but eventually reality of lower earnings will become a factor
Do you actually look at earnings reports? Certainly doesn't sound that way.
V is for VIX
It could be a while before things calm down
Tim,
Congrats on your 20th wedding anniversary!
Hope you've been having a great time.
Been 35 years for us.