"Bear markets are always a reminder of lessons forgotten."
"...the markets are addicted to Fed interventions"
"And then there’s the VIX which typically moves higher when stocks collapse. The VIX is forming a bullish falling wedge formation which could resolve in a big move higher."
"There is little reason to be overly aggressive in your positioning currently."
"The Fed, in an effort to stop this, announced several weeks ago that it would be buying everything. And I do mean EVERYTHING."
"Be careful. The bear market isn’t over yet…not by a long shot."
"Similar questionable “fundamentals” that those dot-com companies used to inflate their share prices have us potentially headed right into an even worse recession than originally thought."
"The Fed managed to stop this massacre by announcing it would backstop everything."
"You can’t “buy low,” if you don’t have anything to “buy with.”"
Wall Street estimates are still in fantasyland.
On 9 March 2020, the Dow set a record by falling 2013 points. On 12 March, it beat this record with a 2352-point fall. Then, on Monday, it went into freefall, plummeting by 2997 points, or 12.93% on the day.
"Europe is shutting down"