Figure a few of you guys would love me to make a prediction just so you can watch like a hawk and bust my chops if I'm wrong.
This has many factors so overall it's a guess..I feel confident enough I'm putting money where my mouth is (if anyone cares) and buying leap calls.
Our markets will get back to it old highs we saw just 5-6 weeks ago in roughly 13-15 months. That's nearly a 60% rise from yesterdays prices.
Here are the reasons why.
1. This COVID junk has already peaked. We just didn't know it. So while numbers will go over 100k infected in the next 7-10 days some will freak out but others will figure out it's almost over. Markets IMO know this already.
2. Stimulus package of 2 trillion. We are going to over stimulate IMO but that will help markets rise even faster.
3. Way too many people are saying CV will last and erode us away for 4-6 more months. When that turns false there will be lots of buys flooding in for months.
4. Trump reelected in November should boost stocks a lot more.. This boost will happen if/when markets know he's a shoe in. So could happen over time in Sep/Oct... Or if race is remotely questionable would happen after election night.
5. Wild card - inflation. This may make the ride bumpy. But overall inflation helps markets rise over time. They simply keep up with inflation. But if too much inflation may crash the markets temporarily. It's a wild card because inflation is somehow held in check (still) and I assume could be for even longer.
Flame away. Or save this post and beat me up later.
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