Comparing 2008 to 2020 = Multiple bottoms likely

Sailing thru uncharted waters calls for extreme caution.

Opportunities are as vast as are the hazards.

When of this all hit, I compared recent extreme VIX measurements to past VIX extremes and saw that multiple bottoms were likely.

In this week's report, Mike Burk compares this crash to 2008 and he also sees the likelihood of multiple bottoms.

He also notes: "Given the current panic, seasonal averages are not relevant."

See: Mike Burk Charts

Be safe out there. Look for ways to enjoy your current (and hopefully temporary) retirement!

PS: Another Black Swan market hit is likely if the US President were to test positive.

PS:ps: Invest in any business that sells paint! The public is redecorating like mad. Long lines in the paint stores!

Looks like Italy has peaked, more UP on the way!

Spain perhaps as well.

I liked Bernie schaeffer's recent analysis of SPX 20 day historical volatility......we're still waiting for that thing to top out.  Friday at 97.90 and it hasn't started going down yet.  This is higher than back in 2008-2009.  But the HV was even higher in 1987, and the max ever was in 1929.....110.36.

I have posted here that I like to see the 200 day MA tagged to tell me the bottom is in......the major averages do that.  They did it in 2009 eventually.  Until that happens, the window isn't shut yet on some kind of retest or lower lows even.  It's just probabilities while you're waiting to see what happens next. 

Based on my study of ewave patterns this weekend, the decline that started Friday afternoon appears -- at first glance -- to resemble the start of a "5" wave impulse, but may turn out to be part of a larger corrective "4" triangle.   If that's the right scenario, we will see a higher low before a lower low.