Coronavirus wax on (DJIA +275), Coronavirus wax off (DJIA -204). And so it goes in sentiment-driven markets as the herds, led by the machines… thunder on.
Yesterday it was all Rainbows and Unicorns and today it’s…
It’s important now to have a view that is not riding the daily whipsaw, but instead sees patterns and trends but also respects history. Personally, the 1998-2002 time frame keeps popping up for me as similar to what we’ve had going on over the last couple of years. Today feels like the equivalent period right smack in the middle of that range; February 2000.
Sure, Coronavirus this, Trade War (it was so 2019) that… the stimulants are different but the process feels similar.
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