It's So Hard not to Believe what you see with your own Eyes...

I had to drive across state yesterday to go to a funeral and nearly everything was closed...100% of retail in the city was shut down. Even in the smaller agricultural based towns that I was familiar with (from working in the oilfield) were dead...Maybe 25% of the activity from when I was there a year ago. I see all of this and i think "damn this is bad, obviously the market should be bearish"...but then I look at the market and holy shit its gapping up like mad we are nearly back to May 2019 levels.

We all know the saying "the market can stay irrational longer than you can stay solvent". But will the irrationality fade with Q1 earnings? Or will markets shrug that bad news off and continue to climb on the hopes of everything returning to business as usual in a few months?

*Comet going to impact Earth any minute
*Permabull Chads everywhere scream: "Its already priced in...the market is forward looking"
*S&P 500 surges +5%

 

Earnings will be a huge hit as well as all the knock on effects of everything being shut.

 

that's why I said you guys think like chimpanzees - see banana, go to banana.

the rally train has already left the station and you are still in a fcking coma.

buy fcking 10 shares of SPY, hold it, and see if your view of the market turns around 180 degrees.

 

How about if maybe the market is looking further than you are?

 

@zghorner I've told you this before, you need to go over to WSB.

Your meme level is too high for these boomers who only paper trade.

 

This. What's happening today is completely irrelevant to market action.

All that matters is what the market EXPECTS to happen in the future. As reality unfolds, the market will move based on reality relative to expectations. This is why you will see rallies on bad news which is "less bad than expected" and also tanking on "good" news but less good than expected. Applies to individual announcements, companies, as well as the entire market and world.

 

Rhetorical question.

 

stop your paper hand bullshit bro, we drillin'

 

Nah man we aren’t drilling...we’ve been getting drilled for weeks now I’m ordering a donut pillow off amazon right after This reply. I’ve still got diamond hands and holding even though I’m down $30k right now so don’t question my bear gayness.

 

Weren't the pharmacies and grocery stores open ???

You're going to see some wild swings in the market to make Longs & Shorts happy until the U.S. Presidential election while this Coronavirus Covid-19 is occurring.

Yet, if someone is only playing one way all the way until the U.S. elections...better have some deep pockets to support those big balls.

wrbtrader