Don’t Get Too Carried Away With Today’s Dow Up 700-Points; I Am Calling It ‘Dead-Virus Bounce’.
There is a so called ‘dead-cat bounce‘ of stock markets. To I this feels different. I would NOT be surprised if it does not fizzle out by this afternoon!
That is why I am calling it a ‘dead-virus bounce‘. Different characteristics.
We are a long way from DONE. This virus will continue to wreak havoc for months. The market will NOT like it. We still have a ways to go down.
So, do NOT celebrate. Do not become complacent. Nothing to cheer here.