Obviously we had a FOMO rally today up till 1:30 pm. The FOMO's don't care about unemployment, earnings, PE ratios, or bankruptcy rates. It's all about the zero interest rates and massive Fed stimulus.
looks like the lady needs to come up for air. She's gagging. Slight rally to make another lower high before more down. Should be a good overnight session
Thats a bs copout made up by wall street to make all believe what they want for their benefit. If thats the case then zero rates,Stimulus and even buying stock makes the mkt goes up then why is Japan down 60% from 30 years ago? Its the thought they've burned in all our heads for 20 yrs to control us . If we believe it then it happens . The feds not actually buying stock . Yes the zero rates make some people speculate in the mkt . But the main reason all this works is no one has any real fear of losing money because they believe the fed will save them every time and make it all good. And if all believe that it's sulf fulfilling . We were very near discrediting the fed 2 months ago as every time they did something we tanked . if we had gone to 1500-1800 and went sideways there BS manipulative shield would have been trashed . Just like they use Fed speak to manipulate . They have all controlled like pavlov's dog . But again i stress i'm just listing facts . I block my thoughts on things out and trade PA.
This did confuse me. Expected sectors such as airlines to access debt market successfully because of this put protection. Still United couldn't. https://www.fool.com/investing/2020/05/09/united-pulls-225-billion-note-offering.aspx