3 reasons this stock sell-off could keep going
This is a very important article on why stocks may keep falling. Even worse, while we may not enter a recession, it may take two to six months to recover from the current damage according to Ari Wald of Oppenheimer. Bear markets can also occur without a recession, and the recovery will take even longer if stocks fall by more than 20%.
So, a person could possibly short the rallies and make money since we will probably fall back yet again. SQQQ is a leveraged short of the Nasdaq that I might try whenever $NYMO becomes positive again. I will need to take my profit whenever $NYMO hits -90 down, though, because the oversold conditions will trigger another rally even if it fizzles out.
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