As I am typing this, I am seeing Dow Jones Futures hovering at 900 pts below yesterday closing number. This is the “first” 900 points change for quite a while.
Back in mid March to early April, we saw heart-stopping 800-900 points change on the Dow Jones index every few days. Since then, the US market has been on a steady climb from a very deep trough and people are even beginning to believe we would get a V-shape recovery.
But would today likely sharp drop be the start of a decline? And could the climb in the last 2 months be a bear market rally and we could see our stock indices testing new lows in the coming weeks/months as we have the 2nd wave of COVID infection globally? I don’t know but I sure hope not because it just means more people are going to be sick and more people are going to collapse under this disease, sigh 😦...