We are most likely in a bullish trend for a quarter or two. After borrowing trillions and trillions of dollars, and flooding the market with unprecedented amounts of money, the markets are predicting some form of stabilization. This rally has a lot of room to run, we might go as high as 50-60 percent rally. We already have 22 percent in two weeks. We are for the short term overbought so I would wait for a decent retracement first before buying in.
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