SPDR S&P 500 (SPY): WOW, GO FEDS!!!! I wouldn't be surpr...

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Tuesday, 03/17/2020 12:36:39 PM

Tuesday, March 17, 2020 12:36:39 PM

WOW, GO FEDS!!!! I wouldn't be surprised if we see 260 EOD. Of course it will be followed up by horrible futures and probably 235 tomorrow. All of our local businesses were ordered to shut down at close of business yesterday here in Philly. Couple that with major chains like Mcdonalds and Starbucks only offering drive through service and things are about to get real nasty. So far the S&P dropped almost 30% from February highs, whereas in previous recessions/depressions we saw a 50% drop, so I would say we are far from the bottom yet boys....

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