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Long time no see .
We hit Dow Jones 29k as I predicted from months before..
Here we are within a few weeks the world as we know it changed it’s look.
There has been many speculations by highly paid “experts” about Dow Jones hitting 10k or even 6k. Well, that ain’t gonna happen! We have probably hit the bottom and if not, the worst case scenario would be Dow Jones 17,000. We could get a journey down to 17k if by Monday 6th of April close we have dropped below 20k ( at any point in the day). I feel wherever we are in the next few months by the end of July the markets will start to rally harder and good chance that we may hit a historical high just before New Year 2021, Dow 30,000 is a possibility. Sounds inconceivable right? How can anything be inconceivable when within just weeks the world as we know it changed beyond recognition. Things can happen fast and beyond normal speed. They are going to do all the drops and weaknesses before elections of November in USA. Trump will get re-elected since the alternative is not electable by any sane person.
What is the aftermath of the “virus” scenario? I feel many small and medium sized businesses may find it hard to recover and may choose to close permanently (hope I am wrong on this one), which means large corporations will become even more powerful, it’s about concentration of wealth, control and more centralized supply chains.
The “virus” has changed the world just like 9/11 did, the mass vaccination which will ensue and 5G programme are very suspect with great many concerns about them, but these will go ahead if not challenged … And challenged they should be.
All in all we must not fear unnecessarily and there are lights end of this tunnel, we have a volatile stock market which is the life blood of trading, specially day trading, these type of markets visit us once every 10 years, it is always good to make money specially when not much business can be done when in captivity.
Perhaps we can use this time of general silence to reflect and learn about life and indeed happiness and perhaps find new ways of creating wealth or at least make some moves into earning an income other than the regular work that we do. Turn a negative into a positive then our time of general isolation would not have been wasted and we may even be grateful that we went through this and came out with more..
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All in my humble opinion and no investment advice intended.
Always Expect Success
Andre
Love it Andre, missed your articles, may the lord have mercy on us all, full agreement that markets will rally for Trumps election, I’ll wait &see if they give 17k. Respect
Always appreciate your thoughts and look forward to your posts. On the money as always . Please write more often Andre. Good health
Thank you for your thoughts sir, if dow goes up to 30k I’ll build an statute of you at home :) On agreement on many of your predictions and thoughts about some of the stupid cause people used to fight for perhaps rather naively.
Wish you good health Sir
ON THE MONEY, brave and insightful. my utmost respect Sir.
‘Bold and Beautiful’ that’s all I can say.