I am still bearish on the stock market.I'm afraid that it could take gold and silver down with it. (somewhat that is)
Quote from: edthelorax on May 22, 2020, 02:12:11 AMI am still bearish on the stock market.I'm afraid that it could take gold and silver down with it. (somewhat that is)I am still bearish on the SPX. Looks like an Island reversal on the 1d and bearish engulfing on the 1w It did the same thing as in Feb. from levels that made no sense, it gapped down and sold off all day as fear is a stronger emotion than greed. Everyone is heading for the exit at the same time. I hope metals can hold their own during what's coming. I don't think I would want to have a bunch in the SM right now.
Here's a warning: https://www.zerohedge.com/markets/most-absurd-moment-history-capital-markets-hertz-plans-sell-1-billion-new-bankrupt-stock
Look out below. The bankruptcies are just starting to trickle in. add CHK to the list. The Dow drop to 23 will happen quick.The fed can't really prop up the market if half the companies go bankrupt.