Corona Crash – Target 2 Achieved – What Next?
Update from my post on 28th Feb, target 2 is achieved.
The question is how low can it go?
Back to 2015 levels, back to 2008? Probably.
No amount of stimulus is going to make companies profitable again in the short term. The stimulus needs to target consumers, but if they cannot go out and spend it or it cannot be delivered then what?
Depending on your trading or investing style this is a great market or a terrible one.
The smart money is waiting for the value zone, that zone will vary for specific stocks, but once COVID 19 is under control we should see a sharp bounce back.
The question is how low can it go?
Back to 2015 levels, back to 2008? Probably.
No amount of stimulus is going to make companies profitable again in the short term. The stimulus needs to target consumers, but if they cannot go out and spend it or it cannot be delivered then what?
Depending on your trading or investing style this is a great market or a terrible one.
Trading Short Side – Brilliant
Trading Long – Terrible
Investing Long and still in the market – Terrible
Pulled all money out of the market – Brilliant
The smart money is waiting for the value zone, that zone will vary for specific stocks, but once COVID 19 is under control we should see a sharp bounce back.
Barry D. Moore CFTe Financial Technician
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
12 Proven Winning Chart Patterns
liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
liberatedstocktrader.com/moses
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