DOW has strong support at 11,000
With the covid stimulus all gone and with everyone broke : the DOW should find support at 11,000.
I know that this is an extreme scenario, but these are extreme times. What can cause the DOW to hit 11k?
My bet is that the crisis starts next week and we have a month with no debt-ceiling agreement. Indexes start cracking and then collapse and keep collapsing until there's an agreement on the worldwide pile of unpayable debt.
Dark winter indeed -
Putrid
I know that this is an extreme scenario, but these are extreme times. What can cause the DOW to hit 11k?
My bet is that the crisis starts next week and we have a month with no debt-ceiling agreement. Indexes start cracking and then collapse and keep collapsing until there's an agreement on the worldwide pile of unpayable debt.
Dark winter indeed -
Putrid