We weren't sure yesterday that the bull market is over. In the morning today, the Dow Jones was up about 300 points, and I thought we were just having a mild pull back. By lunch time, the Dow Jones had dropped another 900 points. The total drop for 2 days is 1900 points. The catalyst for the Bear Market or upcoming recession seems to be the corona virus which now has spread all over the world. At this point, we would have to agree with this guy. This pull-back is different. We wouldn't buy the dip in stocks in this market either. The corona virus outbreak seems to be the Black Swan Event that could bring this market down and could possibly push economies all over the world into a recession. Investing in this market is currently very risky for us. However, keep in mind, we have been wrong before. The stock market is really hard to predict. This could be just a pull-back, or a correction, or maybe if we have a recession, it could just be a mild one. |
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