Was on a conference call this morn with some so called experts from a major investment firm. They were slightly bullish. They think the Dow will completely recover in 12-18 months. Actually it’s done 50% of that already. Some stocks, hospitality, airlines as examples will struggle for longer time.
My reply would’ve been:
“Guys, that is fantastic news to hear. Listen, we want to go after money on the sidelines right now, and we feel people are eager to jump back in, so would it be asking too much for you guys to produce some charts for us, that shows the last time we had a minimum drop of 4.8% in GDP with no fewer than 26+MIL on unemployment produce the 12-18 month turnaround you just described, so we can utilize those charts?”
Oh…to hear the dead silence on the other end….would have been gold….
I think you underestimate the American spirit under Trump.
It is "impossible" to underestimate the "cold hard facts", the numbers. Spirit and rah rahs with signs can only push a market so far....when tens of millions of people, and counting, are unemployed.
Once the market realizes the numbers are "real", you better hope you're not holding a bad hand when the market opens 20-25 % below your stop, and drops another 10% before your position is picked up by a buyer....if there are any buyers.
Glad you made some quick money. I just hope you don't get caught in a corner when the market realizes, "OK, this is real"....like when the REPO starts doling out several more TRILLIONS, to purchase bad paper, to keep this Ponzi scheme afloat.
There's always a "wall".....
"He is far from Stupid"
”person, who happens to have an above-average level of intelligence”
