OT..I sincerely hope that you are right however, my belief is...

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Veritas2000

12,513 Posts.

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31/03/20

13:52

Post #: 43797150
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Originally posted by jimmy1979: ↑

OT - I personally think that we have already seen the worse. There is not much more drop coming for the following reasons:
1. As soon as a vaccine is announced we will all wish we went long today.
2. The drop has factored in a lot of profit downgrades. So what happens when these profit downgrades are not the 80% some people are predicting, but only 50%.
3. All these people locked up in hotels - this is not free. So hotels are benefiting, so are catering companies. Supermarkets are benefiting and profits will be through the roof.
4. All these people caught up at home. When they are 'released' they will want to make up for lost time, and spend their money away, so retail, whilst now struggling, could see Christmas come early.

I could be wrong, but the market looks 6 months ahead, and the scenarios I outlined above are less than 6 months away

I should add - I am putting my money where my mouth is. I have invested over $250k for the ST now. Hoping to pull it out close to $400k, by the end of the eyar

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OT..

I sincerely hope that you are right however, my belief is that we are in the initial throes.

I believe that there will be many more deaths globally and locally we will have numbers escalate not only as Easter approaches but also as we approach winter.

The Federal government has dropped the ball by procrastinating and implementing ad-hoc/on the run strategies.

All my opinion naturally

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