I think markets might rally for a day or two; markets can't go...

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Renzy

23 Posts.

13/03/20

22:00

Post #: 43487014
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Originally posted by pete11: ↑

the DOW futures are up 4.5%, what do you all think, do you think its all blue sky now and this crash was it?
or could this be another dead cat bounce in the US, i think the worst is yet to come, during the day on the radio, some were saying BLACK FRIDAY< when asx was down 8% now its up 4%, lol what a joke, if this was a real crash, you couldnt be up 4% for the day would you, i think monday will be a big test, by the way with peter dutton getting the corona virus, i was watching SCO MO during his speech today on tv, his forehead was very sweaty, i wouldnt be surprised if he gets diagnosed with corona soon, markets could fall badly as the govt will be is disaray, never had REAL political risk here in oz, if sco mo gets quarantined , who knows hos this will pan out.

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I think markets might rally for a day or two; markets can't go completely up/down in a straight line for such a long period of time.
From what I know this rally is possibly due to the Fed injection of 1.3 Trillion.
I think the next downward movement will be based upon how serious corona virus news over the weekend and early next week is.
If cases seem to multiply drastically and more stricter lockdowns are put in place, then I don't think the market will care about the Fed stimulus package, back down we'll go.

Last edited by Renzy: 13/03/20

Value at posting: 2,958.8
1 Upvote

0 Great analysis

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