It’s official. We now have the Black Monday 2020 entry on Wikipedia:
Here’s the original Black Monday 1987:
As a reference, historical chart of Dow around 1987 Black Monday:
Here’s the 6mo chart of Dow as of today, the day after Black Monday 2020. There will be retests of the lows but will we see similar pattern? Will the Monday low hold? Billion dollar question.
Zigzag - a wave two. Now wait for the retest - a new low is NOT good because it means a lot lower.
Sell all rentals and wait for the retest. If didn’t establish, BTFD with everything you got. You would thanks me after your net worth shot up by ten folds after one year - margin to the heels or buy LEAPS calls 3x-4x leverage.
@manch how to draw deduction from your chart?
Stabilize after 14 days? Did @acre or somebody said that few days ago?
This applies to all except Wuhan? because is the place of origin. The mutations that other nations get are pretty unstable and die off after 14 days? Barely survive in the next infected host?
Trump made the coronavirus?
In 2-3 months it will have burned itself out - but Biden will still be senile.
And with everyone falling over themselves to show they are “doing something” you can expect that by the time a package is negotiated, agreed to, signed, implemented and has had time to take affect the crisis will be long past and the effect will hit just in time for the election. Likely a positive for Trump. Expect a huge growth and hiring surge in the third quarter.