This just a correction or is there Something Else more insidious involved . I wouldnt use the c word. I would say this is profittaking pullback. That is all this is. Remember, the nasdaq, top 100, ndx were up 75 straight up off the lows. Even after this pullback were off 10 from the highs, theyre sill up 66 . Looking at the s p, right now as it stands is 50 off that march bottom. So the end is not near. This is just a profittaking pullback. This same situation is in place. Lets see how things react. Even with today, were only down 3 in tech. That is not much at all. What i like to see with vix. The vix has a lower high than it had on friday even though the s p had a lower low. That is very much a positive. David jonathan what do you think . The end is not here. This is just a pullback. We could be way up again momentarily after the pullback is finished. What do you think . Put me in the bear camp, you have 80 new, 20day highs, excuse me, only 8020day lows. And the pendulum is to the be
Nation is coming together to defeat the virus. President trump there is tremendous hope. I think well come out bigger, strong and better. We learned a lot. We learned who to rely on, month not to rely on. Our country has been incredible. Including the fact i just spoke to senator schumer. We both want to get to a good solution. Watching and seeing people that werent speaking getting along well because we all have one common aim. Thats to get rid of this invisible enemy, get rid of it fast, and go back to the kind of economy we had, and maybe even better. David the president s message of optimism being smeared by the media. Saying it may be giving americans a false sense of hope. President trump was having none of it. Is it possible your impulse to put a positive spin on things may be giving americans a false sense of hope for preparedness right now . President trump i dont think so. To not get approved drugs. President trump it may work and may not work. Nearly 200 dead. Millions who a
And i said, i dont want the cure to be worse than the problem, the problem is the problem. You could destroy a country this way by closing it down. It literally goes from being most prosperous, we had the best economy in history of the country three weeks ago, then were supposed to shut it down. David president hopes to have nation back open for business went weeks. Senate and house, we seem to be getting as long as much as you can, now on a bill. I think that may be had even less of an impact than the fact that were opening up this incredible country. Because swrewe have do, that i o have it open by easter, i would love to have it open by easter, i tell you that right now, i would love to have that, such an important day for other reasons, but i will make it important, i would love to have country opened up and just raring to go by easter. That is april 12. David april 12. President s hope for an american reopening by easter, booyed by administration effort to make a deal with resisti