With the faster news cycle and quicker speed of transactions, it makes sense that a market bottom might be reached quicker. But this looks more like a retest than a bottom.
'The Fed has just put the economy in an induced coma, attaching it on fiscal and monetary life support, hoping that when the time passes it can be brought back to life.'
I have no false illusion about striking it rich in this name, but a staple such as this can have a place in my portfolio.
I don't think it would be too much of a stretch to imagine that too many investors, or citizens for that matter, will mind seeing March 2020 head on out of here.
Every significant bear market in the past has seen substantial bounces just like what we are experiencing now.
Now the one thing you need to worry about with MSFT, as you have to do with all of the techies, is the GDP.
The VIX indicator typically shows higher levels when fear, doubt and uncertainty rise to a level of panic. That often subsides quickly, but not this time around.
Some industries and the economy will take longer to restart than a lot of the pundits and administration believe.
Consider these stock model ideas: virus groups, work remotely, and fiscal.
This just a very large countertrend bounce. Look for a sizable pullback and then some very choppy and sloppy action.