Folks, I don’t know what the latest is from the Market Outlook team, too busy to have been following recently.

What I do know is that there is substantial potential this market follows the 1929 market pattern.  Find a daily chart and review it.  If we follow it, we are in the first significant kick-back rally (B wave up), and the real carnage is soon to come with some massive price moves down.

So if you are thinking “this bear is finished” and the bull market has resumed, well maybe but I would be SHOCKED, given the fundamentals.  The CV infection rate is going up EXPONENTIALLY around the world, and in areas of the US.  The possibility of being ‘ordered back to work” quickly would only pour gasoline on it all with a match thrown on in short order, and the notion that such an approach would “save the economy” is simple absurdity, as the rate of infection would skyrocket even more, leading to panic and a TOTAL shutdown.  Down that path lies a depression.

So be very, very, very careful re: any long plays here.  My $0.02.  YMMV!!!  Good luck.