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RE: Is It Time To Buy The Dip??? - Part 24

in #steemleo9 months ago

I am cautiously bullish. The swift drop in stocks in late Feb to March has unwind a ton of bulls to the point that there is over $5 trillion in money market funds and $15 trillion in treasury bonds. So although economy may be sluggish in the near term and likely be extended over the course of how this virus plays out there is not much who are holding stocks besides the ones who held through the Feb/Mar crash.
This is not to say we can't crash soon, but chances are more likely people will buy rather than sell since most are on the sideline. Just my take on this.

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