Will the market drop tomorrow?
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My guess is it’ll either drop, rise, or stay flat.
Are you a fortune teller????
Tomorrow will be an absolute bloodbath. Black Monday will take on a whole new meaning. The past week’s (mild) losses were propped up on the belief we would have some form of stimulus package passed through Congress. The democrats just killed it, just like any equity will be tomorrow.
170! Jesus
Yes and will keep dropping for the next two weeks at least
Check out the crystal ball on Steve!
As McKinsey would say:”It might drop, or it might go up. Some of our simulations show it staying the same. Yes, we absolutely are going to involve you for this.”
McK1: it was a joke about McK’s analysis of the impact of the Corona virus where it presented 2 scenarios: one where everything is fine, and one where it isn’t fine. With no estimate of which is more likely: so it is utterly useless.
Drop. Bigly.
Check S&P500 futures, not always directly correlated but gives you a pulse of where mkt open will be.
It’s going to happen.
I wouldn’t put $$$ on that K2. In ‘08 the S&P was down 43% from its 10/2017 peak a week after the Bank Bailout passed (fell 20% from Bush’s signature in a week). It took another 5 months and 25% drop to hit bottom (57% in total, we are at -32% now). Trump’s govt has botched this at every level and the worst is yet to come. Also, Coronavirus was just the catalyst that is triggering a reversion to reality. Real wages for working people had just started to rise. Household debt is at the highest since ‘08. GDP and profit growth low. The market was built on an ether of debt, Fed, low interest rates and tax cuts.
The first part of the article is not confidence inducing. I’d probably dig into those numbers, too. For one 2008 was the peak of the Great Recession, so we’re a mere 19% down from the peak of a crisis? I’d also look into where the debt is...the people who just got sent home who live paycheck to paycheck? And what C2 said, a lot of companies blew their cash on stock buybacks and loaded up on risky debt.
I’ll have to read the creases on your palm to tell you
Futures down 4-5%
You’re welcome
https://www.ig.com/en/indices/markets-indices/weekend-wall-street
Looks like we had a two day rally, I wonder how the rest of this week will play out...
It’s a bear rally. The worst ain’t over yet!!
Futures down as we speak.
BIG TIME
Down. BIG time.
It’s going to be down. That’ll be $500.
Market makers will bid down until we get a stimulus so, yes. But expect sharp rebound in asset prices once its passed.
Oh yeah, it’s going down.
I got front row seats to the carnage!