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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: sense who wrote (154290)3/15/2020 11:03:51 AM
From: RetiredNow  Read Replies (1) of 217772
 
Well, the repo ramp worked on Friday, as you surmised, but also as you forecast, I too believe the future holds more downside, once the effect of the repo and Trump's jawboning wears off. The covid-19 news just is overwhelmingly bad right now and continues to get worse, so that will weigh on markets no matter what the Fed or Trump does, until the cases start to go linear and then start to come down. Until then, I think the closures of corporate and public facilities will take an enormous economic toll on everyone and the markets will reflect the anticipation of the numbers starting to come in bad for this and the next quarter or so.
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