Wisdom wrote:
It's called a downtrend everyone. Stop buying!
It has already downtrended! What follows a downtrend??? An Uptrend!
Wisdom wrote:
It's called a downtrend everyone. Stop buying!
It has already downtrended! What follows a downtrend??? An Uptrend!
Sally Vix wrote:
Up close to 400 already today. Warmer weather going to wipe out this phony pandemic. Will be but a memory by July.
A week ago
https://www.bbc.com/news/world-us-canada-51840227thanks Trump! wrote:
Sally Vix wrote:
Up close to 400 already today. Warmer weather going to wipe out this phony pandemic. Will be but a memory by July.
Who cares? Stocks are for rich people. Serves them right. They should work for their money like everyone else instead of gambling.
"The stock market doesn't affect people like me," he ( "Deplorable Dan") said. "I haven't had a bank account since 1984. I don't have a credit card. If I'm going to buy something, I've got to have cash."
Sally Vix wrote:
Wisdom wrote:
It's called a downtrend everyone. Stop buying!
It has already downtrended! What follows a downtrend??? An Uptrend!
or a sideways trend!!
So here is what Goldman Sachs predicts.
1Q GDP growth is zero, and 2Q will be negative 5%.
S&P 500 will go down as low as 2000.
It will be back up to 3200 by the end of the year.
I think they are way to optimistic. They might be right about the bottom, but it will take way longer to get back to 3200.
Sally Vix wrote:
Wisdom wrote:
It's called a downtrend everyone. Stop buying!
It has already downtrended! What follows a downtrend??? An Uptrend!
Or more of a downtrend.
There's going to be pent up demand to consume once this is over.
Just Another Hobby Jogger wrote:
So here is what Goldman Sachs predicts.
1Q GDP growth is zero, and 2Q will be negative 5%.
S&P 500 will go down as low as 2000.
It will be back up to 3200 by the end of the year.
I think they are way to optimistic. They might be right about the bottom, but it will take way longer to get back to 3200.
I anticipate that the bottom will be closer to 1600 than 2000. I think that it will take 3 -5 years for the market to get back to 3200.
Sally Vix wrote:
Up close to 400 already today. Warmer weather going to wipe out this phony pandemic. Will be but a memory by July.
You should not post about something you know little about. Your zero experience hurts people.
fisky wrote:
Just Another Hobby Jogger wrote:
So here is what Goldman Sachs predicts.
1Q GDP growth is zero, and 2Q will be negative 5%.
S&P 500 will go down as low as 2000.
It will be back up to 3200 by the end of the year.
I think they are way to optimistic. They might be right about the bottom, but it will take way longer to get back to 3200.
I anticipate that the bottom will be closer to 1600 than 2000. I think that it will take 3 -5 years for the market to get back to 3200.
Previous 52 week S&P 500 GAAP EPS $135, historical multiple 16. Republican tax cuts added 15-20% to EPS, unfortunately went to stock buybacks. One can easily see EPS fall to at least $100. Do the math: 16 x $100 = 1,600 S&P 500 fair value. That is a very generous downside target in my opinion.
Igy
Futures indicate that even Old Man Potter is selling now!
Hi Igy.
Always liked your posts.
Let’s make it an even ‘1666’ on the S & P low this time. They had a real sense of humor in 2009 with the ‘666’ bottom. That Lloyd Blankfein sure has a sense of humor!
Eric Arthur Blair wrote:
Futures indicate that even Old Man Potter is selling now!
this is funny
Massive exit to dollars. Hoarding cash won’t help stocks of course.
Distilleries in Ireland (!!!) re-purposed to make alcohol for hand sanitizer.
rebounds r us wrote:
There's going to be pent up demand to consume once this is over.
pent up demand and broke unemployed people with no stock to purchase. Brilliant. This event will take most of a decade to recover economically.
I agree that there will be pent up demand once it's over, if it's over quickly enough.
But if it drags for a bit, I agree that lost income will quell that demand.
It could get pretty bad.
And the 30,000 Dow that's the subject of this thread may not bee seen this year or even several years to come.
For reference, the Dow went over 11,000 Sep 2000 and dropped below that mark the next month.
It didn't get back to 11,000 until 2006.
This thread didn't age well....
Dow below 20K, erasing all gains under His Orangeness.
The Down Goes the Dow thread started in 2013 and has been regularly been bumped for the last 7 years.
That's because the Dow never went down to the predicted amount of the OP that entire time.
I can see this thread being bumped for years for the same yet opposite reason.
Sally Vix wrote:
Up close to 400 already today. Warmer weather going to wipe out this phony pandemic. Will be but a memory by July.
Your post illustrates why Houston is the worst city in the States. It is because it is filled with people as dumb as you.