Financial Markets Around World
- Thread starter 4Runner
- Start date
I don't see the bottomw, as the trade war only getting worse.
Cash might be worthless if things progress at the current rate.
It all depends on the state of the bigly brain at any given moment. Hence I use "likely" or "very likely" or "less likely". If my judgement on that nobody is really crazy nonetheless is poorly acting holds any water, the S&P 500 is starting a bottom process, based on my calculation of US economic fundamentals. In that regards, whether it trades at 4800 level or at 5200 level is not that different in a bottoming process, which is a historically typical buying period of time. I will re-evaluate my judgement if S&P 500 decidedly close below 4800 and stay there for longer than 10 trading days. This bottoming process can last less than 6 weeks (new normal) or longer than 12 months (historical pattern). Since the US equity markets were fundamentally distorted after Obama changed the accounting rules before the March 9th 2009, topping and bottoming of US stock markets have become more dramatic. However, those fiscal and monetary wiggle rooms were finally exhausted during Biden admin, I think we may see a trajectory back toward historical patterns. So my research at this juncture calls for the starting of a bottoming process for S&P 500 and I am buying incrementally, one trunk at a time whenever those quant boys allow me ...