Next earnings season? Msft just warned tonight.... With china shut down earnings expectations are going to drop like a fu#king rock. China is the world. Without them all economies are worthless. Remember that Extreme selling once s$p drops below 3000.
If you consider Jeff Bezos dumb.....he sold all his spx shares before the market tumbled. Yet again, the top 1% lost over 140 Billion on monday.
Smartest money is saying "I have 30 years to retire, I'll just weather this storm and buy when the market makes sense again".
Bottomfishing can be very rewarding when done right. SQQQ volume is completely irrelevant. Volume increases with volatility, so what? Volume is also up about the same amount in bull ETFs.
IQ is the only measurement that is a reliable measurement of intelligence. It predicts the long-term success of countries extremely well.
I been shorting Index futures/hedged for past few years, and when that signal happens, long stocks get hedged by futures/hedged to secure open profits, take profit on 10% of short Long term future Indexes and rest go to better than breakeven PS. If a charting pattern happens to offer buys, reverse on stock hedges/and buy/hedge them but keep Long term Index futures shorts(different account). Does my opinion factor into systems traded, heck no, it automated mostly, and most days have no clue what the symbols did. Life just seems so much less stressful having no opinion. If I had to guess how much longer, continued down move into next week, PE's way too high, good correction, maybe 2850-2800 area, but huge guess. And to me, my opinions are the worst.