Wednesday April 1 2020
it is said that to have a real financial crisis, it takes an absence off those who lived through the last one.
There are not many people alive today who actually remember the Depression of 1930-1948. I recall living through the extended recession of 1972-1982.
And so we have the perfect set up for a depression.
https://keydifferences.com/difference-between-recession-and-depression.html
I see investors asking if it is time to buy stocks so obviously it is not, the market is down 700 DJIA points again pre open trade this morning.
All the FED was lower interest rates to zero since 2009 to restore real estate prices. Now with rates at zero the FED is out of ammo, and real estate is crashing.
Crude Oil
We have three parabolas, each of which has crashed. Support is now 17, and then the 10 level of 1999. I suspect that is where the oil price is headed.
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