Where's The Bottom? Cycles Paint A Clear PictureBy Chris...

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    Where's The Bottom? Cycles Paint A Clear Picture

    By Chris VermeulenMarket Overview14 hours ago (Mar 13, 2020 11:57AM ET)
    https://www.investing.com/analysis/wheres-the-bottom-cycles-paint-a-clear-picture-200515878




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    Concluding Thoughts

    Where's the bottom? What's next? Our advice would be NOT to chase this selloff and NOT to attempt to bottom pick this move. We believe the Covid-19 virus event will last well past April/May 2020 and we believe both Q1 and Q2 results will be far below expectations. Therefore, we don't believe any real bottom will setup before May, June or July of 2020 – after Q2 earnings are announced and contingent on the virus event subsiding and earnings starting to recover. Otherwise, we could be “searching for a bottom” for quite a while yet.

 
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