‘NAKED INVESTORS’ AND NOT ‘NEW CORONAVIRUS CASES’ WILL DETERMINE HOW FAR THE STOCK MARKET RALLY GOES $DIA $DJIA $SPX $MSFT $AAPL $AMZN $AMD $NVDA $INTC
In stock market investing, often the hardest thing to do is to go against the crowd.
The prevailing wisdom among stock investors now is to buy when the number of new coronavirus cases slows. Data from Italy, Spain, France, Germany and, most importantly, New York, indicate that new cases may have peaked. Many investors are rushing headlong into the stock market.
In our analysis at The Arora Report, the near-term course of the stock market will depend primarily on the behavior of “naked investors” (more on those later) and secondarily on news related to cures or treatments.
Investors have said there was no warning of the coronavirus.
April 6, 2020