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Totally agree.....but it is also highly on edge and news sensitive. This could easily be a head fake rally which is very typical in bear markets. Be careful.
I won't. It's been 24 days. Daily New case graphs are pretty much holding to Farr's Theory. These things go up and down at the same rate historically like a bell curve. US just started on the down slope. 24 days from today is May 1. Doesn't mean it will be 100% gone, but there will be very few new cases each day.
Broke above the 200-week moving average yesterday. That was an important resistance level.
Put me in this camp as well. I do think we will see additional pull backs and you will have opportunity to invest if you have cash but I think 2191 on the S&P 500 will be the low.
Here's hoping. Was too passive here putting cash to work. I am not hoping for 2191 necessarily but 2400 or so would be another good opportunity.
I think there would be a lot of support around 2300-2350 so if we get down to 2400 I would recommend putting some cash to work.
Define "much".
Some of my issue as well. The cash I planned to invest this year from a distribution, I need to hold at least some back in case 2020 is worst case scenario for our business. We have to have the cash on hand to go into 2021 just in case the worst case happens. In some ways as a business owner we are already on the bullish side of this without investing another dollar into the market itself because our earnings are driven by this same event that has affected the market.
And even then, once we start moving about don't we just start spreading this thing again?
I think so. From all I've seen, the only way it works is if we not only suppress it enough to get that opportunity but to get the testing and tracing ramped up to where we can quickly identify infections and those who have it for quarantine. That is, until we get a vaccine.
This is true. But the market has shown itself plenty irrational. Sure, AAPL isn’t going to 0 because it posts negative earnings but I don’t think anyone is saying that. But AAPL is trading at ~21x PE now on a trailing basis. Knock 10% off of E and you’re at 23+x. Knock 20% off and you’re at 26x. When was the last time AAPL traded at 26x.
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Three months ago, everybody who owned this stock owned it at twenty-eight cents.
At first I was thinking to write another novella about using Value & Trend to make decisions. But the board is kind of testy this morning, and doesn't seem like as much fun to do so now as it did last night.
I would think you would know what he is going to tell us. Good or bad news??? Buy or sell????? Cure?????
Maybe his post about the coverage is a tell. Tells me to BUY!!
Uh, didn't Santas Little Helper come in last place?+500 shares for me
feel like im betting on a dog race
LETS GO SANTAS HELPER
He will discuss but additional patient were also treated under the EIND. Looks like interview will be at 245pm EST.
