Every single talking head on cnbc and the rest of the gurus will be talking about how bad this drop in the nasdaq was needed and that it was coming but don't listen to them because its always after the fact that they mention something like this.
Between the election and Jan/Feb, there will be the mother of all drops...we are I a bubble make no mistake about it. However, I may convert my married puts to stops...
That's a bold prediction considering all the variables...Such as will there be a vaccine ready for distribution by then, whether we get Fat Man or Little Boy in January, and Powell's...Well, whatever the hell he and his crew will do.
I know but I am a contrarian. Do you feel the benefit of all the monetary easing (9 trillion?), eventually it will become apparent to all. The trickle-down effect of the damage of 2 months of stoppage plus the virus is not yet felt or seen. Just my humble opinion. I hope I am wrong.
Well, we're about to find out starting tomorrow, because April through June should have seen the biggest impact to businesses. (Except folks like AMZN of course)
Oh, yeah! Why do you think we had this reversal? Me think, people are afraid to go into the earning season, especially with the banks reporting - we shall see the loss ratios, etc with a view to the other sectors.
I think the following had a big part in it. https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-2672#post-5155202 That plus plain ol' profit taking...