Here's the thing folks.... too many PM's have been burnt badly in the past selling at the lows when things look their worst. I don't think that is going to happen this time around. I would bet anything the mantra among the passive big buck whales and the big buck whales that manage their money is "don't sell." It's common sense, and this time around there is still relatively fresh scars from the last time we were here. They aren't going to sell. So where does the downside pressure come from then? The algo's that pull sh*t like tonight's open. And make no mistake, they can do it the RTH's too. I mean when you command the firepower they do... they can do that. But the bottom line is... if the REAL institutional money doesn't liquidate... all the algo's games at this point only f with the remaining (on the fence) weak hands. But... that brings to the forefront a very important question... are we at that level yet? Hmmm. Well, if the sh*t really hits the fan... where is the rest of the world's sideline cash going to run to? Anyone buying the Russian S&P tonight lol? (And yes @Overnight I know such a thing doesn't exist... it's literary flare on my part. ) I'm not going all Warren Buffet or Peter Lynch here at this point by any means... but... if you believe humanity will be around 10 years from now... it's probably a safe bet to start dipping your toes in at 20% increments. Jmho ~vz
Then we can bookmark you as going short at this level? Noted. Bookmarked. Oh you didn't say that did you? Show some some balls kid. "Chimney's are for cheaters, closets for the poor." Who wrote those lines?
We're still higher than we were a year ago today lol. Barely... but still... we're a long f'ing ways away from the "dark ages" that if you listen to cable news they would have you believe. "You're retirement accounts are gone." Gimmee a flippin' break lol.
Wild Bill didn’t position himself for this? “ Trump is losing the confidence of business leaders, billionaire investor Bill Ackman says PUBLISHED SUN, APR 6 202511:18 PM EDT Lee Ying Shan@IN/YING-SHAN-LEE@LEEYINGSHAN Billionaire investor Bill Ackman said that America was heading toward a self-inflicted “economic nuclear winter” as a result of U.S. President Donald Trump’s tariff policy rollout. “Business is a confidence game. The president is losing the confidence of business leaders around the globe,” he said. Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations,” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Billionaire investor Bill Ackman said that America was heading toward a self-inflicted “economic nuclear winter” as a result of U.S. President Donald Trump’s tariff policy rollout. “By placing massive and disproportionate tariffs on our friends and our enemies alike and thereby launching a global economic war against the whole world at once, we are in the process of destroying confidence in our country as a trading partner,” Ackman, who had endorsed Trump during the elections, wrote on social media platform X. Trump’s latest tariffs, signed into effectWednesday, set a 10% baseline levy on all imports, hitting over 180 countries and hammering global markets. China faces the highest tariffs, with the Trump administration having imposed 54% in duties since January. Beijing has retaliated with 34% tariffs on all goods imported from the U.S. U.S. equities capped off a vicious week for investors last Friday, down 9.08%, according to data from FactSet, as Trump’s moves stoke fears of a global economic slowdown. J.P. Morgan lifted the odds for a U.S. and global recession to 60% by the end of the year, up from 40% previously. “Business is a confidence game. The president is losing the confidence of business leaders around the globe,” Ackman said. “The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative. This is not what we voted for,” the hedge fund manager said. Trump has the opportunity to call for a timeout for any negotiations to resolve any “unfair” tariff deals. “Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down,” he said. In a separate tweet, Ackman also took potshots at U.S. Commerce Secretary Howard Lutnick. “He profits when our economy implodes. It’s a bad idea to pick a Secretary of Commerce whose firm is levered long fixed income,” Ackman said, adding that it is an “irreconcilable conflict of interest.” On Sunday, Lutnick told CBS that the Trump administration will remain steadfast in its reciprocal tariffs against key trading partners even in the face of a global stock rout. The U.S. Department of Commerce did not immediately respond to CNBC’s request for comment…” CNBC