I’d like to say it was a great day to be an investor. But it wasn’t, really. It was more of a breather.
No one knows if its the bottom, or a violent bear market rally, as many of them are.
Yes, the 2 Trillion will stimulate the bejeezus out of the economy and flow to asset prices, but on the other hand, the economy is contracting like crazy, but hopefully only for a quarter or so.
That’s why investors make...or lose... the big bux.
This is a good day to sell and get some cash if you don’t have a year’s worth of cash already on hand.
My hopes for 1 maybe2 quarters(could see 3) in the crapper to bag some bargains and reinvest at the basement prices.
It cant possibly be the bottom. there are 2 months of horrible numbers coming, and the rest of the world is way worse off than us. it not like we cured the virus or anything yet.