Think we'll rebound off this "bad economic plan" news tomorrow? Just temporary panic?
Best Answer
2222 points
readytoretire answered 9 months ago …
The market has responded similar to past announcements, just not normally so bad. It has a runup as the details are talked about, and then when the details and actual announcement is out, it says 'not enough'. As the 'plan' shows, the Fed is still trying to decide what will work and what won't. And the market doesn't like indecisiveness.
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3943 points
MNSL answered 9 months ago …
We will see more and more volatility. I think market will rebound this week.
There are more short term players than long term players in the market now. So we have to expect up and down.
We can expect short term rally before it go back to below November low during 2nd half of this year. Only global companies in next rotating sectors and neglected sectors and turn around companies as well companies with less debt will have market to sell their products and will make profits specially in the next 18 months. These companies will have above average growth.
