It is my guess that today will mark at least a short term low for the stock market. Monday should be up. Consider: the NASDAQ was actually up, as were financials thanks to the above new policies. There was no end-of-session collapse, so traders were willing to hold their positions into the weekend. The Fed and Treasury have shown they will do whatever it takes to reliquify, even if it means inflation longer term. At some point, the bottom-fishers are going to scoop up some bargains after these rampant price drops. Early Monday will be the time to place limit orders.
P.S. How’s my track record for market timing? Lousy.
