/biz/ - Business & Finance

Anonymous Wed Nov 20 21:56:07 2019 No.16324522 [View]
File: 113 KB, 1369x311, gooksmarkets.jpg [View same] [iqdb] [saucenao] [google]

>>16324329

>How can we justify current valuations when the Dec 2018 bottom was the correct value for no deal with China?

December 2018 wasn't about No Deal though. It was a tantrum against the Fed raising rates and shit-tier earnings Q4 earnings in December. Also, media hysteria.

That week leaking in Christmas was fucking insane. 2% down days, over and over and over.

A no deal scenario would be an instant retreat to June 3rd lows. After that, it all depends on the Fed and company earnings.

Meanwhile, in the Asian trading session right now....

JUST LOOK at the Shanghai index. Fucking insane that it's only down .14%.

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