gold, page-75034

Suckers rally could be a right shoulder forming for the SP500. I'm surprised at the strength of this rally. Clearly there's going to be a big effect from the shutdown + bubble burst. Who the heck would be buying now.

For crashes in 2000 and 2007 SP500 dropped 50%. A 50% drop now takes to about 1500, which interestingly is prior resistance for the 2000 / 2007 highs.

Also war rhetoric happening now re China and virus. Steve Bannon and other high profiles beating the war drums.