You're overthinking it, there's risk on holding due to the structure of the ETF but the Dow was wildly overpriced at 24k. The economy is about to crater. Even if the virus disappeared tomorrow it takes time to hire and train and for consumers to rebuild demand. This thing will be at 100 in a matter of months.
If you bought on Feb 21 you would be out money unless you rebalanced consistently. Despite the Dow being dow 6k points since then. It’s not overthinking it. It’s that way it works. You don’t have to sell all but you can’t just let it ride. It’s easier to hold it for a day after upswings than to constantly rebalance.
We already had all the upswings we are going to get. Oil is dead. Jobs are dead. Defaults are coming. Companies will be failing. Consumer demand is not going to recover quickly and a second wave of virus is almost assuredly coming.
You're wrong. We're going to have a bounce. After the first of the year the Dow will collapse and 7k isn't out of the realm of possibility within a year.
Bounce already happened. It's bad news from here on out.
There are always little bounces even on the way down. It’s a market driven by the news cycle.
It is going to hit every sector.
Im guessing you havent heard that florida went from declining to flat to increasing in a month. Weird timing on this post.
Glad to see that you know the difference between an apple and an orange
The doomsday scenario ship has sailed. Covid-19 ended with the riot vaccine
Sweden has really bad numbers like, really really bad. They are healthier than us by magnitudes and have 50% more deaths per million even when you ignore thaf 30% of our deaths come from one metro area.
Or you might be the last one to die before a vaccine is announced because you couldn't stand to hold off on your great clips haircut.
What you say is true. People aren’t social distancing. People said the restrictions are useless. People are reverting to old habits. Cases will more than likely ramp up again. Let’s hope it doesn’t get to the point where we have restrictions that come and go over a longer period.
It’s unlikely that the spike in cases is attributable to the protests at this point. More than likely it is the resumption of indoor gatherings of long durations. but I would expect the numbers to continue to climb.
I was always for people being able to go to work, stores with social distancing and the beach with social distancing.
Deaths are up as well. Problem is that people aren’t following the plan. Additionally, Florida phase-2 reopening is questionable as of today
I do believe the science supports that outdoor transmission of the virus via aerosol is rare. Which is why beaches are open and theme parks are reopening. There wasn’t a corresponding jump in cases during the reopening protests either. I’d think the spike in cases is more to a reversion to old habits with things like eating out in restaurants where people are indoors in close proximity to others without a mask for a long duration. You could be right that outdoor protests increase the transmission, but I believe that is a small risk comparatively to other indoor activities.
I believe they are at 35% capacity so somewhere north of 10k is the capacity. I can’t tell you how many are actually attending, just what they are allowing as a max capacity.
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