Why The Stock Market is Going to Fall?
One of the most common questions I get asked is "Will the market rebound". The short answer is no, I don't think the market will go up any time soon and here are my reasons:
1) How long does the average recession take?
The average recession last around 11 months, and we just entered the 2020 recession.
Around 22 million people have filed for unemployment since Pres. Donald Trump declared state of emergency. With people not working, why is the market climbing back up?
With the virus infesting more people in the US and hasn't peaked yet. People aren't getter better and its just a matter of time before more states get hit like New York. Ask yourself how long do you think it will take for the US to recover? Has the US peaked?