This is a very, very dangerous market. The Federal Reserve announced additional measures they will take to make sure the markets can function. The market went lower on that news. The next catalyst will be progress on the stimulus bill or, lack of progress.
My sense is that the market will rally based on reported progress. I wouldn’t bet on it, though. Speculating on how the market will respond is akin to picking up dimes in front of a steam roller. We don’t want to be there. There is too much at stake.
This article is meant to be for informational purposes. It is written from my personal opinion and from informational sources believed to be accurate. It is not meant to be investment advice, and should not be construed as such. I do not recommend buying or selling any of the stocks discussed. All investments bear risk and your on due diligence should be undertaken to determine which investments are most appropriate for you.