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S&P 500
5,567.19
(
1.06%
)
US TECH 100
19,827.20
(
0.94%
)
Dow Jones
39,375.87
(
0.17%
)
Brent Oil
86.78
(
0.00%
)
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(
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hamkypamky

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hamkypamky

Re: Lemmiwinks post# 263822

Wednesday, 04/08/2020 1:11:35 AM

Wednesday, April 08, 2020 1:11:35 AM

Post# of 426478

Just pissed I could not take my AMRN profits elsewhere in this Down market.



Is the market really "down"?

It's taken a 30% haircut but the P/Es are projected to fall way more than that (at least in the short term) plus with 6M jobless, potentially up to 20% (according to St Louis Fed + GS) this just seems "in-line".

Putting $ into this market is basically a bet on a quick recovery after the Wuhan Flu. Any issues there and the market could be lower for a lot longer than we think.
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