I think Monday we can see a follow through of another wicked selloff. Probably 3% or more...if this does take place I believe a shift will be to sell all rallies going forward. The only positive I can feel at the moment is the next multi trillion dollar stimulus package passing in the next week or 2 that could probably erase market losses from this past week, but it feels like selling pressure is going to be here for a bit of time as the vix has now spiked up dramatically.
Haven't you been spouting about the PPT and the Powell put? Have you lost faith in the Fed now? Traitor!
Oh, well, that's brilliant! Let's call it a 50% bounce on a 10% drop. We're still down 5%. And then it drops 10% from there. Rinse, repeat. Game over, man! We're dropping like a rock, just like last year! Thanks Reddit!
What we are seeing atm imo is a panic attack driven mainly by retail. Imo, there is no signs yet of a top. This is typical short term knee jerk panic which will be countered by a buying opportunity. This goes on all the time and constant harping on of "TOP!!!" "GO SHORT!!!" "RUN FOR THE EXITS" "FUCK ME DEAD WE'RE ALL SCREWED!!!"
I have been. In order to get the fed intervention and more trillions the market needs desperately that 7% dip. Only way to keep the fed and tbe printing press going. To create a tad bit of fear so that they can continue helping the elite and very rich.