$5 trillion in money mkts , Speculation has gone wild, the feds printed $3 trillion and more to come . Shorting is measured in min's and hrs now .
Im not concerned about the sheeple or the walking dead zombies out there .... & neither should you...
This market volatility is giving us lots of trade opportunities, wish stocks traded even further extended hours. Silly market, good call on bounce. Can't wait to see if we open flat, green or red tomorrow
These shake outs are necessary. You can't have a bunch of speculators getting in on the lows and hitching a free ride on the fed printing machine that goes brrrrr up to new highs. 1. Fake news. 2. Limit buy orders on the way down 3. Soak up all that panic selling. 4. When you are in position at size, change the narrative back to what it was. 5. Profit yuuuge as market resumes the uptrend. Having said that, I still wouldn't have the balls to buy news like that. 100% farcical and clearly market manipulation.
As my buddy petry likes to say, Trump Chaos Trades are a ladder. Though, better crank it up 45, only a few more months to pad your billions just waiting for you in Russia and Turkey. Bank account is sure going to miss the big guy. My only question is when Kudlow is going to join in the fun. Have to get paid somehow for total loss of rep.
Anyone who shorted off that china news and didn't cover got smoked . Todays exactly 90 days since the bottom on march 30th. It feels like it was a yr ago. The qqq's are up 52% . The naz is now firmly above 10k. I would have bet anything we would have seen a normal 10% pull in off a 42% run but we didn't .Question is will we gravitate toward new highs over the coming weeks then maybe take nice spill into a potential wave of the virus in the fall and into the election. We know positive vaccine news will be coming by sept at the latest by at least one company .Shorting past a day or so is very tricky