“Dow: 10,000...really”
I remember that post, I was thinking will it do it. I am thinking 18000 once investor realize how long the lock downs will be. Maybe 16000 lowest if lock down is more then 4 weeks. Then again you might be right with 10000.
Will watch closely
“I remember that post, I was thinking will it do it. I am thinking 18000 once investor realize how long the lock downs will be. Maybe 16000 lowest if lock down is more then 4 weeks. Then again you might be right with 10000.”
The first half of the downturn is dealing the immediate impacts, and that’s mostly priced-in. The second half of the downturn concerns the VERY, VERY, slow recovery out of this. It will have to be slow, otherwise the virus will keep popping up, and there will be fits and starts, as government tries to loosen up a bit and the disease comes back...then back to lockdown.
That second half is NOT yet priced-in, the working thought is that in 2 months, this will all just be a bad memory and things will be as they were. They won’t.