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This is what has to happen to avoid another crash
Posted on: May 18, 2020 at 20:58:32 CT
ashtray UF
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in the stock market:
1. The economy has to reopen and reopen well, including airlines.
2. Fed must make meaningful policy action, meaning buying high yield bonds, indexes, etfs, junk bonds.
3. China and US tensions deescalate and trade returns to normal.
I don't see 1 or 3 happening and 2 won't be enough by itself. Don't let the recent retracement in stocks fool you. The previous bottom will look good in a few months, so protect your money how you see fit.
1. The economy has to reopen and reopen well, including airlines.
2. Fed must make meaningful policy action, meaning buying high yield bonds, indexes, etfs, junk bonds.
3. China and US tensions deescalate and trade returns to normal.
I don't see 1 or 3 happening and 2 won't be enough by itself. Don't let the recent retracement in stocks fool you. The previous bottom will look good in a few months, so protect your money how you see fit.
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This is what has to happen to avoid another crash - ashtray UF - 5/18 20:58:32