BullBear52x wrote:I am here as observer, Desperate people do crazy stuff. if closed in red today it will spell TROUBLE. That can not happen or can it?
Don't like news ?
Abhor fundamentals ?
The Price Trend is Right !
Down since 19 Feb 2020
Zombie Market years ahead of America Corona Bandit Economic Lockdown Reality
40 million Americans unemployed + 117 million working age out of labor force = 157 Million Americans vs 123 million working Americans
States cannot afford to pay soaring unemployment claims or pensions
CA $55 Billion Budget deficit, paid 1 out of 8 claims, cut contributions to CALPERS
NY $6 B Budget Deficit, 89,000 unpaid claims
$1200 Fed STIM not cutting it for most Americans without income
Food Banks Swamped
WMT selling used clothes to stay open
Zombies not buying economy or market still dip buying and discounting Blue Sky Eternity with 23 March 2020 V Bottom
Institutional Investors record short
Looks like DOWN to me
SPY Dynamic PnF Target - 55 %
From 303.14 to 135.28
- 1.9 % Dividend
The market is fair
It gave US many opportunities to sell at 10 % higher prices
Bonds, Crude, Dollar and Precious tell the story of debt default deflation