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Forum - Wall Street Pit    Stock Due Diligence for All

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From: trendtn (Rep: 164) reply to theMagicianDate: 05/03/2020 13:02
Forum: Wall Street Pit - Msg #2841914Thread #674151374 (Rec: 9)
Re: Buffet just said things too overvalued he is talking the mkt down since yeste...

Agree.
Rally on reopening hope.
Hope is always an awful reason to rally.

There are historic waves of bk and foreclosures coming.

Many businesses will not survive. Many personal bk. Real estate bubble burst. Nothing can prevent that.

Now we find out what banks are over leveraged...and if there will be default contagion.

If so what can the fed do? Negative rates? Print endlessly? Start Yang's trickle up?

Retest 18000 Dow again...minimum.

Btw now is when we need competent leadership that can anticipate what's coming and prepare.

Let me be kind. We don't have that.

You know it..I know it



Reply to theMagician - Msg #2841900 - 05/03/2020 11:27

Buffet just said things too overvalued he is talking the mkt down since yesterday
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser trendtn: Reward | Watch | Ignore

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