I don’t know if you watched the news or not but trump had a speech a while ago. He was very pessimistic about the situation in the US and said that America will wetness a large number of deaths in the next two weeks. This declaration from trump obligates dow to go down and probably it will open a negative gap. And dow will be bearish in the next week.
He said the same thing last week. Market dropped and stabilized. Market knows this is happening. This isn’t news to anyone.
serpent90
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@Kmartin8398, the market has not priced in how bad this is going to be, i.e. great depression levels of unemployment...
Kmartin8398
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@serpent90, the Great Depression didn’t have the fed stepping in with trillions in helicopter money to save the day. The fed can’t be underestimated. There will be no Great Depression from corona virus. When everyone says the sky is falling... it’s not
serpent90
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@Kmartin8398, what the fed is doing is just a band-aid, you can't fight reality forever. Just wait.