Things are somewhat looking up for the market today, with the Dow up over 3.5% on Thursday afternoon.
After all of the doom and gloom over the last few weeks caused by the coronavirus outbreak, people are desperate for any good news, and investors are eager to find a floor to the market.
But it's that bias that may be causing a Reality Gap between what people are hoping for in the market, and what is actually happening.
History can teach us a lot about how markets behave during similar crashes, and in today's market update video, we'll take a look at some prior examples. I'll show you exactly why this data, in combination with the data about COVID-19 infections, should give us pause before declaring that we've hit bottom.
I'll also be giving you my analysis on six different stocks - two which you should be avoiding like coronavirus, and four that are worth taking a look at right now.
Click below to watch...
Market Survival Action Plan: The experts at Money Morning have created your complete action plan for surviving this extremely chaotic market. In this completely free report, you’ll find out which stocks to sell, which stocks to buy, how to trade this market for maximum profits, and how to hedge all of you investments. Click here to access the complete action plan…
The post Why This "Bottom" Will Eventually Fall Out from Underneath Us appeared first on Straight-Up Profits.
Follow Money Morning on Facebook and Twitter.
About the Author
D.R. Barton, Jr., Technical Trading Specialist for Money Map Press, is a world-renowned authority on technical trading with 25 years of experience. He spent the first part of his career as a chemical engineer with DuPont. During this time, he researched and developed the trading secrets that led to his first successful research service. Thanks to the wealth he was able to create for himself and his followers, D.R. retired early to pursue his passion for investing and showing fellow investors how to build toward financial freedom.