Dow needs to go to around 20,000’ish to deflate the Fed induced bubble.
Exactly. Has anyone here looked at a Schiller P/E ratio chart recently. This has been a rather overpriced market for some time. The good news is that we can blame the inevitable correction on the Corona virus which wasn't Trump's fault.
The Dow is now down 10.7 for the year, over two years it is now up just 1.7%. If the Dow goes down to 20,000 (I hope it holds at 25,000) it is all over for Trump, he will lose-make no mistake about it, and I’m a Trump supporter. It would take too long to come back.
Many people who are not into the stock market don’t get how it impacts them. If the Dow doesn’t snap back it impacts companies cash, investments, production, jobs 401ks, and starts a recession, just as it did in 2008. That is the way Dems can win and you can just about hear them rooting it on.
Hypocritical Pelosi and Schumer are playing politics with the Corona Virus and people are already panicking. Just try to find a common N95 mask. Amazon, Walmart, CVS, Target are all sold out. I was in an Ace Hardware store getting some weed killer and the guy said they just had a rush-a rush on masks, he got 200 boxes in and sold out in an half an hour won’t have more for weeks.
Pence needs to speak daily on Corona virus AND speak about the collaboration the administration is doing with Bio Tech firms to find anti-bodies (best approach IMHO ) with Regeneron,symbol Regn, this is the company that shut down ebola. If the market holds above 25,000 the recovery in markets typically takes about 4-5 months but Dems will try and make this worse by showing how Trump is minimizing it. He took too much of the Rush Limbaugh approach (hey regular flu kills too) and it did the opposite of what it intended as evidenced by market sell off and people panicking more.
Trump or Pence should speak more to specifics as to what he is doing (and they are) including banning flights, the big one is how HHS IS working with Regeneron, Regn on antibodies, with Vaxart Inc. (NASDAQ: VXRT on vaccine, new Sepsis Dr. Marik protocol to shut this virus down which unlike regular flu can mutate and has a much much higher death rate. If he wants bonus points he can talk about how these advances will help reduce regular flu deaths as opposed to being surprised to how how many die from flu. Gawd the deaths from flu will be bad enough but a President Sanders will be bad