This, taxes, and credit. Go a step further and it's more valuable than most subjects taught in school like geonetry, trigonometry. And if we'e being honest most of the science courses are pretty useless past the basic level for most students.
I loafed
My personal belief is we test the March 23rd lows. Earnings season starts next week and that's when people will snap into reality when we start seeing actual numbers and horrible forward guidance. I think the market will be in bear territory until the 4th quarter because second quarter numbers this summer will be atrocious.
When companies start reporting earnings for the first quarter of the year there will be big revenue loss because the quarter ended March 30 after the nation shut down. Then they will talk about what they expect for the next 3 months, and if the nation is still closed for the foreseeable future, 2nd quarter earnings will be even worse this summer. People will sell off massively for all different types of reasons but mainly because no money is being made so some valuations have to come down.
I agree with everything you said. I think Trumps only concern is for the economy and the stock market so he won't let it fail on his watch in his mind. And i also agree that there will be bullish spots in this bear market as has happened previous times before, but I think overall when the economy opens back up im not sure if people will be rushing back to restaurant's, theme parks and cruises just yet because people will still be weary until we get a cure or vaccine. When we get that news I think that'll change everything
Because we haven't seen actual earnings numbers yet. This rally had more to do with technicals than fundamentals meaning moves like this happen historically on charts all the time. Also we've never seen a complete shutdown of an economy in our lifetimes. It has crushed the mortgage markets, and hospitality industry to it's core
I personally would because the cruise industry will be hit incredibly hard because they were already hurting before this with all the headwinds but now they aren't making any money plus poor balance sheets and you also have to think when the economy reopens are people going to be going on cruises like that? Not only that but their main customer are the ones who are most vulnerable to the virus and that's old people. So I believe the cruise line industry will have a slow start back up and their will also be some consolidation in the space.
