I am making my statement based from my technical analysis of implied volatility on the VIX. I am expecting to huge spikes, one this week and one next week.
Hopefully I am right, so in short we should see Higher Highs and Higher lows for the VIX, which means lower lows and lower highers for stocks in the near term.
Also, based on the statement released by the fed, I feel that even though they will buy anything, including equities, it will not be enough to stop investors from selling.
This is getting to the point where we need politics to step in and force job creation, either through Govt hiring or subsidizing new businesses.
I think we will get another stimulus but this time it will be only in relation to business growth, no more stimulus for wallstreet as the FEDs stimulus will not be enough