Gold Resource Corp (GORO)

[GORO2020]

""I will say it AGAIN.............The DOW will TEST 18,000 and FAIL and the S&P will TEST 2,000 and FAIL""!!!!!!!!!!!!!!!!!

Stocks Suffer Worst Start To A Year Ever

Stocks Suffer Worst Start To A Year Ever... As Trump Approval Reaches Record High
by Tyler Durden ZeroHedge

Here's a chart that no one suspected would happen (most of all not the media and the democrats)... as stocks crashed by record amounts in March, President Trump's approval rating has soared to the highest of his presidency...



So how bad was Q1?

Q1 was the world's biggest quarterly capitalization loss (in bonds and stocks) ever...



With bonds adding a modest $1.1 trillion while stocks lost a record-smashing 19.6 trillion...



This was The S&P's worst Q1 since 1938 (and worst overall quarter since Q4 2008) and March was worst month for S&P since Oct 2008.



Additionally, stocks suffered the first back-to-back-to-back monthly losses since Oct 2016.

30Y Yields fell in all three months in Q1. This is the biggest Q1 crash in 30Y Yields since 1986 (and biggest quarterly decline in yields since Q3 2011). 2Y Yields plunged 136bps in Q1 (down 6 quarters in a row) - the biggest yield drop since Q1 2008.

cont............


There's going to be a Whole LOT of ""PIMPS"" on Wall Street Looking for a NEW Line of Work in MAY........Like selling USED CARS!!!!!!!!!!



Coronavirus sell-off will worsen again in April, taking out the March low

Jeffrey Gundlach says the coronavirus sell-off will worsen again in April, taking out the March low
By Yun Li

DoubleLine Capital CEO Jeffrey Gundlach made the remarks in an investor webcast on Tuesday.

The so-called bond king said earlier this month that there’s a 90% chance the United States will enter a recession before the year is over due to the coronavirus pandemic.

DoubleLine had $148 billion in assets under management as of the end of 2019, according to its website.


DoubleLine Capital CEO Jeffrey Gundlach believes the coronavirus sell-off is not over yet and the market will hit a more “enduring” bottom after taking out the March low.

“The low we hit in the middle of March… I would bet that low will get taken out,” Gundlach said in an investor webcast on Tuesday. “The market has really made it back to a resistance zone and the market continues to act somewhat dysfunctionally in my opinion ... Take out the low of March and then we’ll get a more enduring low.”

The S&P 500 tumbled into a bear market at the fastest pace ever as the coronavirus pandemic caused unprecedented economic uncertainty. The equity benchmark hit a three-year closing low of 2,237.40 on March 23, more than 30% from its record high reached in February.

The so-called bond king compared the current stock rout to the ones in 1929, 2000 and 2007. He said during 1929 sell-off, the market “went sideways” for almost a year and then the economy worsened again.

The Dow Jones Industrial Average and S&P 500 just posted their worst first-quarter performances ever, losing 23% and 20%, respectively. The Dow also had its worst overall quarter since 1987 while the S&P 500 had its biggest quarterly loss since 2008.

Some on Wall Street are calling for a “V” shaped recovery in the U.S. economy — a sharp drop in GDP in the second quarter and a swift snapback in the third quarter. Gundlach believes those estimates are “highly, highly optimistic,” adding GDP forecasts that don’t show negative growth for this year are “outrageously improbable.”

Gundlach said earlier this month that there’s a 90% chance the United States will enter a recession before the year is over due to the coronavirus pandemic.

DoubleLine had $148 billion in assets under management as of the end of 2019, according to its website.