Is this a bear market?

torrence

I'm talking about the global markets and the FTSE doesn't have that much weight so the S&P. If the antibody test is available as soon as a month - which it should be - then we have already seen the low. 

Username999

torrence said:

I'm talking about the global markets and the FTSE doesn't have that much weight so the S&P. If the antibody test is available as soon as a month - which it should be - then we have already seen the low. 

S&P500 is not a 'Global Market'.

EdGasketTheSecond

Look he's just saying he thinks markets in general have bottomed already. i.e. DOW at around 19,000 and FTSE at around 5000 plus whatever the other markets were doing on the same days.

Thrugelmir

torrence said:

I'm talking about the global markets and the FTSE doesn't have that much weight so the S&P. If the antibody test is available as soon as a month - which it should be - then we have already seen the low. 

Indexes across the globe will move in unison. Merely selected 2 of the main ones that hold global companies. If you wish to be pedantic. I'd suggest the MSCI World Index . At this precise moment in time sits at 1,779.87.  The stage is all yours........

torrence

I chose the S&P because for global indexes and trackers the US is the most heavily weighted and the S&P is a good benchmark.

Prism

I am intrigued why some people  have a strong opinion about which way the markets are going, especially since the truth is that nobody has a clue except for to say its likely that at some time in the future they will be higher. I know that I have zero ability to judge the economic effects of this virus or what is already priced in. Anybody that claims otherwise I simply assuming is making this stuff up

torrence

Making it up. Or assessing the situation and deciding where the money will flow to.
But people do reach different conclusions.

Thrugelmir

For fun. My tuppence worth after having polished my crystal ball. The S&P 500 will bottom out nearer 1800. (2,527.78 at close today).  

coastline

Thrugelmir said:

For fun. My tuppence worth after having polished my crystal ball. The S&P 500 will bottom out nearer 1800. (2,527.78 at close today).  

Suppose you could sand paper it for a rough estimate. 

MaxiRobriguez

torrence said:

I'm talking about the global markets and the FTSE doesn't have that much weight so the S&P. If the antibody test is available as soon as a month - which it should be - then we have already seen the low. 

Presumably it's the data obtained from the antibody test that gives some backing to calling a low, not the mere presence of being able to conduct them.

You seem to be going all in on a hunch (and it is a hunch, make no mistake) that an overwhelming majority of cases are completely asymptomatic. Could turn out to be that way, but I wouldn't be confident betting the house on it.