Everyone knows that we're gonna have issues with financials given all the bankruptcies that are going to happen with oil companies, restaurants, and other businesses.
The thing is, it took a full year for XLF to collapse from current price level to the bottom back in 2009. Much the same, I don't expect the market to hit bottom until next year....
What's amazing is how fast it dropped in Feb/March, not the whipsaw bounce we're seeing now. It's gonna be a long slow ride down...
The thing is, it took a full year for XLF to collapse from current price level to the bottom back in 2009. Much the same, I don't expect the market to hit bottom until next year....
What's amazing is how fast it dropped in Feb/March, not the whipsaw bounce we're seeing now. It's gonna be a long slow ride down...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.