When we have more clarity with regard to the containment of the coronavirus, I expect that we'll be at a market bottom or will have already touched one. We're in the process of receiving perhaps the biggest stimulus package of our lifetime from Congress. The Federal Reserve has already announced unlimited quantitative easing (QE) when all is said and done. There's no doubt that aid is on
the way. But the big questions that remain are (1) how long will it take to contain the virus, and (2) will life quickly return to normal? I believe those two questions will determine the extent of stock market selling. I'm seeing more and more Wall Street firms coming out in defense of badly beaten stocks like Boeing (BA), the airlines, cruise lines, etc. Are they truly buying? I can't be sure, but I do know that panic selloffs are generally followed by snap back
rallies like the one we saw yesterday, followed by potential retests of prior lows. You might want to keep an eye on this S&P 500 chart:
