Hello, I'm Robert Rapier. As a guy who runs an investing service with a 31-year track record of gains reaching 3,584%... I don't normally pay attention to the gloom-and-doomers. But the coronavirus has changed everything we thought we knew about stock-market behavior. In just 16 days, stocks reversed from an all-time high to a bear market. We've never seen anything even close to that before. Three times in six trading sessions, we witnessed the largest single-day point crash in stock-market history… On March 9th, the Dow set a new record, dropping 2,013 points. Three days later, it set another record by falling 2,352 points. Then on March 16 came the biggest crash of them all, with the Dow finishing down 2,997 points. (That's almost 4x more than it lost in any single day in the entire 2008 financial crisis.) The Fed is helpless. In their first emergency interest rate cut since 2008, they slashed rates to zero. Result? The Dow dropped 785 points. Then, when the Fed announced an even bigger rate cut on March 15th, stock futures hit "limit down", and ended the day 1,169 points lower. Clearly, the old playbook isn't working. So I urge you to look at what IS working instead. History says this move is a great way out of this mess. With best wishes for safe profits, Robert Rapier Chief Strategist Utility Forecaster |
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