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Good information, Pasta Boss. I am thinking ... Just look at the charts.Al_Dente wrote:GS:
To feel confident that the stock market has found a bottom, Kostin and his colleagues say three criteria must be met:
The viral spread in the United States must begin to slow, so that the ultimate economic impact of the virus and containment efforts can be understood.
There must be evidence that “extraordinary measures” taken by the Federal Reserve and Congress to support the U.S. economy are sufficient. “While the willingness of policymakers to use all the tools at their disposal is clear, only time will tell to what extent the actions succeed in limiting defaults, [business] closures and layoffs,” Kostin wrote.
Investor sentiment and positioning must bottom out. Goldman analysts point to their U.S. Equity Sentiment Indicator, which combines nine measures of equity positioning, noting that it has only declined by 1.4 standard deviations, versus standard deviations of between -2 and -3 in recent corrections.
JFR wrote:...I am thinking ... Just look at the charts.Al_Dente wrote:GS:..........