Bloodbath as investors already priced in 0 rate. Hmm
March 22 - Dow is down another -900 points to 18100+. The longer Congress argues about the stimulus package .. seems like Dow will hit 14000-15000. If the reach an agreement by tomorrow or Tuesday ... the downtrend could slow.
But March 15-16, we had 9,500 cases .. now 33,000 cases of Coronavirus
you literally think a congressional rescue package is what is needed to save stocks? Government owning stocks is communism by the way......
Congress can (and should) provide stimulus. But direct support of stocks
Fun fact: if the S&P 500 hits 1700 that will be a 50% decline. Yet the PE multiple based on 2019 earnings will simply be at a long term average.
you literally think a congressional rescue package is what is needed to save stocks? Government owning stocks is communism by the way......
Congress can (and should) provide stimulus. But direct support of stocks
Fun fact: if the S&P 500 hits 1700 that will be a 50% decline. Yet the PE multiple based on 2019 earnings will simply be at a long term average.
you literally think a congressional rescue package is what is needed to save stocks? Government owning stocks is communism by the way......