How to make it, spend it, and invest it

24 Mar 2020


Post by MoneyRadio Staff

Well…we told you after the close yesterday that we expected some sort of rally as tech/semis/nasdaq were shining underneath the surface of the DOW down 562 points. Little did we know we would gap up around 1,000 and finish over 2,100.

Just a few thoughts:

More of central banks taking over the market. We hear they are buying up bond etfs. They are now going to add $4 trillion of printing. This on top of Kashkiri saying their money is unlimited even though it is conjured up money. A measly $2 trillion coming from DC but expect that number to rise a lot more.

As we scanned 1500 names tonight, just a lot of recoveries. Saw some 40% moves in names that were down 80%…which makes them still down 70%.

So let’s call it a darn good low for now. There is always the chance it is THE LOW. We would not be against that but a lot of work ahead.