Hi Mark,
Just some points to keep in mind, that i have been sharing with the bears on twitter.
Pull back yes, crash...doubt it.
2008 was an organic event, This was a controlled pause on an already strong US economy with records L/R and center. Bears are looking back to 08' and projecting forward the same bounce then further fall.
2 days ago Trump said there will be no shutdown this time around if the second wave comes. Thats a strong and bullish statement.
Mnuchin & Trump have both said several times the 3rd 1/4 will see a bounce, the 4th will be very strong and early next year we will have a bigger comeback then previous.
The globe is opening up again, how is a crash warranted if markets are forward looking.
Trump is a numbers man, and a businessman, he's not the historical type leader with a law degree and F all knowledge about business that the world has had for decades.
If someone gauges their success with the direction of the market and has control of all the strings fed included how can one see a crash apart from a out of field non monetary event.
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