Thread: This Market...
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Old 03-18-2020, 04:39 PM   #12
Pete F.
Canceled
 
Join Date: Jun 2003
Location: vt
Posts: 13,069
That's also what Larry Kudlow said several times, buy the dip..........
At 27K, 26K, 20K........
However no bear market has ended in a month, ever......

Between 1926 and 2017, there have been eight bear markets, ranging in length from six months to 2.8 years, and in severity from an 83.4% drop in the S&P 500 to a decline of 21.8%

This one has totally unknown components that have no historical precedent.

The Imperial College report that I posted in another thread says it is likely that absent a miracle the Covid-19 virus will require social isolation of populations and therefore disrupt our economy for a year and a half.
I am hoping for a miracle but unwilling to bet the farm on one.

Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!

Niles: You have met “people”, haven’t you?

Lets Go Darwin
Pete F. is offline