At the outset I noted that 10k for the Dow was a modest expectation of the degree of drop. So far, I have yet to see anything saying it won’t be that bad.
We’ll be lucky if the DOW holds at 10,000. Meanwhile in the background, Saudi Arabia has positioned itself in the oil war that we won’t be able to afford energy independence. They are well on the way to bankrupting our domestic producers. Once again, other countries along with us will be shipping all their treasure to the House of Saud.
Couple of weeks ago my prediction was DOW 12,000 - 15,000. Now I’m thinking if hospitals are overwhelmed.. 10,000.. maybe less.