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.
Though your opinion makes sense logically, you have to understand the stock market is not reflecting what is going on in reality. The FEDS are dumping billions of dollars in the stock market this month to keep the stock as high as they can. We won't have another crash like we did in March in a long time.
Small_Fry
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@russianhacker, I think it's reasonable that we either test previous lows or make a new low. Maybe not in a dramatic fashion, but reality hits and it usually hits hard.
Given that retail drove the last recovery, I am still standing behind my idea. My retail/dumb money was taken out earlier this week thankfully. I played the cruise lines and airlines in a typical retail money fashion. Pretty happy imo with 2020 gains in my portfolio, so my recent move to cash wouldn't be detrimental.