I don't see the bottom here Ron. It's a good time to nibble and/or guerrilla trade but the bottom seems farther away. You may be right and I'm wrong, (won't be the first time), but if I had to guess, I'd say that we're looking at a trader's market for some time to come. The Russians and Saudis are fighting. The Chinese are ramping up for a market that may not be there for a while, we're sheltering in place for 2-4 weeks and have cut off travel to Europe. Will Canada cut us off? How long will it take to vote on and then mobilize our efforts? How deep a cut is this to the US economy?
Just lots of questions and few answers. The CV infection numbers could easily be over 10,000 in the US by the time we're talking next Sunday AND that is if the new cases slow down by then which is also completely unknown. People fear the unknown threat much more than the known threat and therefor markets will be unpredictable.
Friday was a very happy day. I don't see happy days over the next week. Just a time to be careful with your personal life and your money.
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