You are on the path to enlightenment. Ask yourself: "where's the real juice - the rocketfuel in this market?" When you factor in all of the fresh shorts - I agree that it's to the upside.
Just look at these headlines....... Nearly half the global workforce at risk of losing income due to the coronavirus, warns UN labor agency The economic decline in the first quarter reveals even weaker consumers and more unknowns ahead https://www.cnbc.com/2020/04/29/the...weaker-consumers-and-more-unknowns-ahead.html https://www.cnbc.com/2020/04/29/cor...lobal-workforce-at-risk-of-losing-income.html
Buffett has been sitting on a $100B in cash for 5 years, and still wouldn't pull the trigger during the March lows...
Considering most of them ET trolls, no big loss. These guys have been spreading disinformation left and right and if they are dumb enough to believe their BS, they deserved to have their heads handed to them on a silver platter.
A fair amount of the shine wore off of Berkshire Hathaway with institutional investors - they were pissed that Buffet just sat on a mountain of cash for five of the best years in stock market history.
I think the big boyz cashed in their profits from Shorts and rolled it into Long positions. Thus, only the greedy ones and late arrivals got caught in their Shorts. Yet, I feel sorry for anyones with poor risk management and have been "adding" to their Shorts. You made three mistakes... wrbtrader
Again you can only say that AFTER the fact. Go back to mid March when the markets were collapsing, no one wanted apple at 275, 270, 268, 264, 258, 255, 253 but wow are they buying it up at 285 I would say 97% of people think March 23rd was the low. The low for how long??? A few months, a year or two, or forever, 99.8% would say forever!