rally is done. going much lower from here. pic.twitter.com/hTF8c1Mvkk
— hks55 (@hks55) April 14, 2020
Alright.,we'll see how this one holds up in time. Bought S&P puts today. Feels like we are reaching "peak euphoria". the eye of the storm has almost completed its pass over us. now comes the real pain. w/everyone in, mkt grinds slowly lower and lower like boiling a frog in water pic.twitter.com/HXxhT9PJlH
— steph pomboy (@spomboy) April 14, 2020
Even the worst bear markets see substantial bouncebacks. And you can expect the market to give back all of its recent gains in the months ahead as the economic fallout of the lockdowns becomes apparent.
New York-based JPMorgan, the largest U.S. lender by assets, reported first-quarter earnings that showed the growing toll of the new coronavirus on the nation’s economy and banking system.