So Fauci stating, just two hours after your post, that we had our first confirmed OmiC case in the US had nothing to do with the drop? It was all technical in nature? I call BS, I think you ARE Fauci, and knew what you would be saying in 2 hours and knew it would rattle the scardy-cat blowhard moneymanagers.
I will fund additional capital tomorrow, ride it out. The worst can happen is to be liquidated. I can see easily 100-200 points up more likely than down by the year end. It is bonus time and no one wants to get nothing.
On the other hand, there could be some severe profit-taking coming by the big fund managers, and today could be the first sign of it.
That’s why I trade cover since last week. Big funds are maintaining SPX exposure, prop firms are taking profits but it is irrelevant for retail. When roll, we are taking losses on front month but move the profits at lower entry price for the back month. AAPL hit the all time high at 170 midsession, numbers are strong.
I agree. One of many. Omg, come on Overnight.... do you REALLY think that sell-off had anything to do with the announcement of "the first case on American shores"?!!! I mean come come on dude, there is no friggin' way you're that naive. Anybody with a friggin pulse knew we'd have a case here in a day or two. I mean wtf!? B1 just knows what's up. The market was heading down. Good job B!... I know you know this, but you know who was in your camp for the last 2 weeks, whether you were there or not lol. But you were. An "Izzy top"? Probably not, and of course you didn't proclaim as much. What we need is another "Izzy bottom". When's campaign season start? And what seats are in play?
I'm gonna go out on a limb here, and you can take this for what it's worth, and I know you know I am not one to say certain things lightly and certainly not one to kick someone when they're down, but your words here reek of someone throwing in the towel. Winners never quit. Don't marry a losing position and ride it out. You may be 1000% right, we probably will get a rally. But tomorrow is a new day and all you have is the cash in front of you. Could you hear Nick Saban going into the locker-room at halftime and saying "well guys, we're down 28 points, the worst that can happen is we can lose." F no. He's gonna say "pull in, regroup, and lets focus on our strengths. The second half is a whole new game and I know what you guys can do". queued
It is not naivety. It is experience in watching the indices. I am still honing my senses on how the overall market reacts to fundamental news, and I can tell you with all my heart... Friday's huge drop was because of the Omicron announcement. The whole "light volume low-liquidity" argument is old. Whatever. Algos, dude. Monday's rise was because the South African doctor who discovered the thing said the cases he encountered were mild at worst. Tuesday's drop was the bombshell from Powell when he blew everyone away by losing the term "transitory inflation" and faster tapering, along with Moderna saying "Oh gee, maybe our vaccine is not all that." Today's drop coincided directly with Fauci's announcement of the first Omicron case in the US. Dude, just look at your index charts and line it all up! You and Stoney have a fucking awesome rapport on the individual movers in the market in the GBA thread. I love it. But how an individual stock moves is not the same as an index move.