/biz/ - Business & Finance

>>18139895
>but it's going to go much further down before it goes much further up, I suspect.
I'll just give a few thoughts on the overall picture of the recent s&p.
I think every single weak long is out by now. We can separate the down move into two groups. the earlier dip buyers and the second group where we starting getting big players covering shorts and buying in. I would say it's slightly down to neutrally set up right now, but that's mostly because of the speed of the move off the low. I think they could push it all the way to the 3000s. There recent buyers start taking profits, long term investors get close enough back to even and the real economic damage isn't going to show up immediately because the numbers are just one offs for now.