No bottom until the virus tops
This is how I feel right now. Yesterday, Batnick asked me if I thought Monday’s thrashing might have represented the bottom for the S&P 500. I don’t. I also don’t see this morning’s agreement in Congress as “stimulus.” I see it as a rescue. Stimulus is what you do for a slowing economy. This is an economy that’s gone into cardiac arrest. So we’re taking out the paddles t...
source https://thereformedbroker.com/2020/03/25/no-bottom-until-the-virus-tops/
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source https://thereformedbroker.com/2020/03/25/no-bottom-until-the-virus-tops/
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