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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…
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The post Why This "Bottom" Will Eventually Fall Out from Underneath Us appeared first on Straight-Up Profits.
About the Author
Nationally recognized technical trader. Background in engineering, system designs, and risk reduction. 26 years in the markets.