The market has been bouncing on passage of the Emergency Stimulus. Will it hold or is this simply a dead cat bounce?
My guess is that this counter trend rally won’t hold. Next week as the USA death count rises, the market will likely crater again. But it won’t lead to an economic collapse, the market will start forming a bottoming pattern which will eventually culminate in another Bull Market run.
In case you’ve missed it, here’s my recent commentary on:
- Dividend Paying Stocks: https://www.wealthsteading.com/309
- Time for Spiritual Reflection: https://www.youtube.com/watch?v=CVR5l-topvs
- Economic Winter or Spring? https://www.youtube.com/watch?v=u1v9rubPnps
PS- don’t bother sharing this “optimistic” message with Gloom & Doomers…some people enjoy being miserable.