- Rank: 229
- Followers: 1
- Votes: 0
- Years Member: 11
- Last Update: 17 March 2020, 8:03
Categories:Support / Resistance Lines
General Market Commentary
Should the market continue to decline my projected low for the bear market would be between 15974-16012 on the Dow Jones. This level represents a major buying opportunity in stocks...likely on par with buying stocks at the bottom of the Great recession (March 2009).
The 10 year treasury yield has collapsed to < 1%. It will recover and break through 3.25%. Once the move is underway we should expect the true "great rotation" from bonds which will lead to all-time highs in stocks.
Chinese stocks led the 2009 recovery and likely will do the same this time around.
As the bear market plays out the US dollar is in very high demand globally. Cash is king. Many investors are focused on gold, bitcoin, etc. as perceived safe havens but the US dollar remains the best bet for now.
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.