SP500 0.58% 2,958.8 standard & poor's 500

I agree with the other comments that a second plunge was not...

  1. 6,453 Posts.
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    I agree with the other comments that a second plunge was not going to happen quickly. When the market initially plunged it had already factored in the bad news for ALL companies 1st quarter and going into 2nd. That is why you won't see any dip from this week's bad updates.

    Now the market is trading as if it will slowly climb out of the mess second half of year.

    it will take unexpected , or more accurately, ignored potential consequences of a global pandemic. For example you can't make people go out and spend, 2nd wave and further localised lockdowns, massive business failures down the line ( after govt support stops ) , large unemployment numbers into 2021.

    this is why my bet is late May , early June for any significant movement down. Imo charts wont provide any guidance in these unique times.

 
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