I cringe to think how many shorts are stuck from the past 4 weeks.

There you go

 

basically you can expect massive blow off tops several times a year following by 10-20% corrections following by bigger and bigger interventions

I think to avoid it Fed has no choice but to start buying stocks with some target for growth in major indices.

Consequence will be zombie market but maybe that's what they want

 

Yikes


Stock surge is a bear market rally that will collapse, James Bianco warns
PUBLISHED WED, APR 29 20208:39 PM EDT




https://www.cnbc.com/2020/04/29/sto...ly-that-will-collapse-james-bianco-warns.html

 

Small cap up 5% yesterday, this morning giving more than half back. Sheesh

 

"Market researcher James Bianco warns April’s big run will collapse.

His reason: Investors are too bullish."

-------------------------------------------

Investors don't seem all that bullish to me....

 

Did you short it at the peak?

 

I shorted with TZA and SMDD bought both yesterday mid day so I was in the red with both at the close but sold some shares this morning on the huge small cap drop

 

I guess they were hoping the Fed did more...maybe buy stocks directly.

 

Buy stocks directly????

Nope not yet!!

Markets up over 30% in 1 month, they sure hell aren't going to waste that idea now, that will only come if markets break new lows and fall into the abyss, until then thats NOT happening.

 

And when it falls into the abyss, you'll be bearish as hell and refuse once again to partake of any rallies.
It's like people who are very money conscious all through their lives, scrimping and saving.
When they get to retirement with a couple of million dollars in savings, do they then spend it on some luxuries? No, they are conditioned to be miserable.