Small_Fry

The next drawdown will be the next best opportunity

AMEX:SPY   SPDR S&P 500 ETF TRUST
The next drawdown reacting on tepid unemployment recovery will be one of the greatest opportunities to re-invest or begin investing back into the US markets. Markets are currently lagging because slower-moving assets (real estate, vehicles, large businesses, etc.) have not fully released their future prospects. Businesses will not be re-opening, some will not return back to work, and current markets are lagging severely to this unreleased tension. I personally am very comfortable with the 180 level for SPY to be an amazing opportunity to purchase the market at a severe discount.

Many people are currently hurt and those feelings have yet to push into assets.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.