The 2020 Crash, page-4

The 2020 Crash I predicted will continue for 9 - 18 months imo).

Reserve bank rate cut news may provide some consumer confidence for the short term.
However, the Reserve Banks are not Doctors.

They can't cure Covid-19 & most people aren't going to suddenly go out on
a buying spree just because of the rate cuts.

With Business' forecast to struggle in 2020, Unemployment will rise.
This will put pressure on household debt which will see a knock on effect &
contribute toward a Property Crash

Today we may well see some significant rises based on this false confidence
however, it will be a dead cat bounce imo.

I believe, any rate cuts will only delay the inevitable...........

Unless there is a cure for Covid 19, then this is going to have major impact
on the majority of sectors in the global economy.

And yes this includes SMP.
No business is immune to this viral crash.

Any further negative news will only add to the negative chain reaction.

imo, we will see similarities to market falls such as the GFC.

I guess when quarterly reports are steadily produced globally,

then we will see the facts emerge and markets act accordingly.

As some people need to see to believe.