DJI surge and crash

26 thg 3, 2020

I expect the dji to see a surge due to the CARES act (stimulus bill) passing the senate and going up for vote in the house. Speculators will buy in hopes it will pass all the way through and once it does, there will be a hype in the news and the stock market. It will be short lived though as the stimulus bill is merely keeping companies afloat rather than increasing earnings and whatnot. Investors will quickly come to realize that their shares are scarily overpriced and dump them as cases of coronavirus grow. A lower low will be established and I can only hope a medical breakthrough solidifies a floor. No news of a treatment/cure is expected until end of april. So until then, expect a crash. Make sure you scoop up shares while we are in this state though. Everyone will be scared and shouting, "SELL SELL SELL, THE SKY IS FALLING" but that's when the smart investors buy. Best of luck