From a high over 29,398 on Feb 10th 2020 to today’s (3/9/2020) closing of 23,851, the Dow has dumped 5,547 points, an 18.86% decline in a month. Why? Where is this headed? The market is greatly driven by emotion. Coronavirus, the dropping price of oil and the rising price of gold, all go to confusing the emotions of speculators who are driving the chaos of the market. But America is in great shape. While China continues to be a low cost seller of goods, America under president Trump has roared back and prices of goods and services continue to be at all time high’s. The forecast for America is never better.
Joe Biden will oppose president Trump which will be another victory for Trump. The market will jump up. This is the time to buy, …. but I have no creds to forecast the future other than normal human optimism. Will the market go even lower? Perhaps.. Probably,… I just don’t know but I’m and optimist so this looks to me to be a good time to buy.
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