Things are still looking gloomy even after the zero percent interest rate. There are not many reasons to be enthusiastic about the economy or stock market. Economists warn that GDP could fall 6% for this quarter. If that happens, you can expect the market to go even lower. S&P 500 is struggling to close above 50-day moving average since June. If GDP plunges further, S&P 500 may not recover for many months to come.

There may be a brief rally in the next 7 days. But, that may be short-lived. I don’t have hopes for usual December-January rally. This year is going to be different, because the recession we are in is deep and nasty.

If you are going to put new money in the market, be careful and choose your investments wisely. If you are not sure, it’s better to stay in the sideline and just watch the market.