shuri when it comes to stocks are we
still in a bull market I don't think so
I think that the bull market was going
to end and you always wondered guy what
was going to end the whole process and
if it was not the coronavirus it might
have been eventually high valuations and
fear that would have done it would have
turned the market but now I think we are
in a very very table a bear market and
that is more to come
what kind of levels you are you talking
about I three thousand on the SP
obviously as the level people are now
watching very carefully by the end of
this year Oh are we significantly below
where we are now or kind of where we are
now where how much of an how much our
sell-off are we gonna see well we had a
30 43 on the S&P guy that's only 43
points about the 3,000 figure my
expectation is that you would cross
3,000 before too long I don't want to
say what day but if the corona virus
spread in the United States happens to
be verified and what we found yesterday
in California which is unrelated to any
travel related person and if that's how
it spreads and that means that is more
in the society currently existing none
of that is discounted in the S&P 500
prices which is why my expectation is
that it go below 3000 and it is hard to
say what where it drops but 3,000 is an
easy number for me guy well so this is
the 34th set off of more than 6% since
1953 and obviously not all not even very
many of those resulted in a stock market
that was lower a year later if there is
indeed an outbreak in the United States
is everything priced in at this point or
do we get a further sell-off yeah I
think you get a further sell-off when
you find out that the coronavirus is red
but there is going to be a bottom
equities are going to be a Buy and bonds
at some point would become a sell but
that is not yet where would that come I
would expect money it will be six to
nine months from now
I stick to the forecast I made on your
program that the US recession will begin
in mid 2020 so that's not too far away
and once that happens and we are about
six to eight months into that recession
of 2020 2020 to 2021
that is when the bottom would be reached
on the equity market it would be a
tremendous buy after that