If you can tell me how bad the virus will be for developed economies, I can tell you the chances of this being a real bear or not.
However, I do think that sentiment is OVERWHELMING BEARISH and even the smallest amount of good news will cause a monster short covering rally.
Whether that's a real rally or not, is still up in the air.
I am leaning more towards the idea that this was too much of a blow for equities, but it might surprise us. But I think the right way to trade right now is to write blue tickets first.
Hi Roy,
I was spot on... for about ten minutes. :)
If you can tell me how bad the virus will be for developed economies, I can tell you the chances of this being a real bear or not.
However, I do think that sentiment is OVERWHELMING BEARISH and even the smallest amount of good news will cause a monster short covering rally.
Whether that's a real rally or not, is still up in the air.
I am leaning more towards the idea that this was too much of a blow for equities, but it might surprise us. But I think the right way to trade right now is to write blue tickets first.