Will the second Covid aftermath wave - if there will be one - take the NASDAQ all the way down to 4.8k? Just a quick crazy idea of mine for tracking later, but from today's point of view not that unlikely. So far, the technology index has been the "winner" of the Covid-19 crisis and has been much more resilient than the old fashioned stocks. It could be that the tide will still turn. Since no one can predict the future, there is only one thing to do - wait and see.
Why would the companies that are currently doing well in the shut down not do well in a future shutdown? Doesn't make a lot of sense to me. But the markets can do all sorts of crazy stuff,
ReallyMe
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@JohnFurr, In principle, you are right, but when it comes to predicting market developments with logic, you have to take a very long-term view. For instance in May 2008, it initially looked as if the worst was over and things were looking up again. We will see...
jaydubau
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Stocks are overvalued compared to earnings, but interest rates are 0 and Federal Reserve is supplying more dollars, so the bubble is being fortified
Earthmatrix
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Down to 2000 is on the table. This is not about a virus this is a political take down of the World economy to as an excuse to hide massive political corruption and incompetence.
It looks exactly like a larger version of the dot com bubble lol I'm glad I'm not in stocks ;) If it repeats it could go down to 1k-2k
nagihatoum
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they will announce that the virus has mutated.
ReallyMe
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@nagihatoum, whatever they do, the virus is just a catalyst for a long overdue market correction. it will also make it easier to push through some unpopular measures.
nagihatoum
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@ReallyMe, crystal clear, it starting to be ridiculously obvious.