Volatility will Continue
By Bennett Tindle
March 17, 2020
The fear of the unknown has been driving the markets. Till we find a peak in cases and know more variables. We will continue to have volatility. Bennett gives a case that we might just reach 2000 in the SPX.
You can’t seriously be proposing the the fastest and deepest initial bear run in stock market history is going to be a single impulse down and DONE (your expanding flat model where this entire move is a correction ending C). Sure, “anything is possible”. But that one is so unlikely given both the ATTRIBUTES of this “C wave” and the fundamental behind what’s happening (this is all going to stop and the market goes back to a new bull phase in just a couple weeks or maybe a month or two) that it is simply preposterous. NOW WAY is this a “one impulse and done” bear market. NO WAY. The world is heading into major recession, possible depression. Credit spreads are insane and historical analogues indicate ANOTHER 40% DOWN in the market here. Just my $0.02, sorry, important for people to hear. Glad to see your final “not main” model, because come on…we’ve got a bear market here for a MINIMUM of 6 months, and 1-2 years most likely, with FAR deeper prices to come. Far more probably than not.