Stock Market30 Nov 2021 12:07
It doesn't take much to knock the stock market down, until there is firm evidence on the new strain is not causing more deaths etc the market will just erode, but now and then have a ok day to keep people buying.
The whole market is corrupt, the MMs decide the price not brought and sold volumes.
My outlook is gloomy, it will take another few weeks for the science to go one way or another, if this new strain is more deadly then the market will loose another 100 B after the 200 B its already lost.
But even if the new strain is not to bad, January will be upon us which is always a negative month, so we are now in a situation that to get back to the price of 90% of stocks value 2 weeks ago, we will be waiting another 4-6 months even if the news is good.
This is why I see major drift downs for most stocks, this will be visiting 25p again next year, but it won't be alone everything will be back to March 2020 levels.