https://www.elitetrader.com/et/threads/usa-covid-19-tracking-thread.341009/ on a serious note, job number were meh last report, about the only good news is I'll be taking out a mortgage against my house by year's end.
I really don’t understand the significance of it. It’s not and won’t effect the lives of 99.999999999% of the population. You guys are going to feel really silly in a couple weeks when the news cycle ends.
Tell me Deez...take a look at the bellweather stocks that have driven this market for years upon years. FAANG's as an example. Pull up weekly charts of those. Mind you we just got an emergency 50 bps rate cut in the midst of the most trivial pullback in those names. Where is support? Give me a percentage. I'll start with last June lows in QQQ/NDX. How many percent lower is that number? 20%. Now add the amount of margin debt and offsides piling into all of these etf's during the pump and dump phase of the past 6 months. I've seen this thing now for the third time in 20 flipping years.