Friday, March 20, 2020

It's Time To Buy Some Stocks

The one-line intro to Thursday's "Economist Robert Shiller doesn’t think we are headed for another Great Recession" wasn't just a throwaway:
Which might make the overnight double bottom in the DJIA futures (~18,800) worth paying attention to.

From the CME, the E-mini Dow Futures:

There's probably some good news on the Covid-19 treatment front , there are market structure reasons for the almost-mechanical waves of selling to subside and the 'puters are asking if they can open a margin account.

There may be one last Monday flush but we're close enough to a dandy buying area that it really won't matter by mid-week. I'm off to visit a friendly banker.

Back Sunday.

Just for grins and giggles note the last three trading days, there have been seven 1000-point up or down moves: