I still think we are going Wayyyy lower.. but not now. Did you see copper this morning? 2.30$. At 2.80$ I’ll have to think where this turns south again.
The question is – are the markets fully pricing in the fact that there will be no return to ‘pre-virus’ levels of trade and commerce in the next 6 months ? Are they pricing in the damage that is going to bring to global finance and economics ? I think not. I expect large, bear market rallies, within a downtrend for years to come. I could be wrong of course, but that’s what my gut is telling me.
I voted all clear. Maybe just me and Alfa?
You are an optimist !
Certainly looks all clear at the moment
I still think we are going Wayyyy lower.. but not now. Did you see copper this morning? 2.30$. At 2.80$ I’ll have to think where this turns south again.
Fully how is it that the SQQQ made a 52 week low this am and the QQQ are nowhere near their 52 week highs?
The question is – are the markets fully pricing in the fact that there will be no return to ‘pre-virus’ levels of trade and commerce in the next 6 months ? Are they pricing in the damage that is going to bring to global finance and economics ? I think not. I expect large, bear market rallies, within a downtrend for years to come. I could be wrong of course, but that’s what my gut is telling me.