Fool me once shame on you fool me twice shame on meYesterdays 5% gains was basicaly fake. Feds and US banks threw everything in to prop up the market. Apparently the Far East markets are not 'buying it'.closing more or less flat.
IMHO buying into this market now means puting in your trust that further rate cuts can stop the inevitable bad economic news that will continue to manifest as the cost of the covit 19 virus continues, and that OPEC will keerp their promise to cut pproduction to off set millions of barrels of lost demand. Have you ever know OPEC to keep that promise for long ?
I want to buy this excellent stock but for now I'm still out. Cheers, Tinman