I think it really doesn't matter if we have a bullish or bearish market just as long as there's not a ton of money being shoved into supporting either way...if the latter happens to fast... Investors and traders become very nervous. Yet, huge movements Up and Down create new profitable opportunities while killing off others. That's capitalism. wrbtrader
So, just what I wanted to outline in the first post (unfortunately I cannot edit it anymore): Something simple like just 'wearing a mask' already changes the whole story - Probability to catch the flu goes down drastically... This way everything looks different again. While people have not been prepared, they are now. Then the question is, how big a recession can get. It may won't get as big as projected... And even it will: Recovery might occur a lot faster.
After the longest “bull” market in history (11 years), with PE’s at upper range, and the market leadership in only a handful of stocks, and now a worldwide shutdown for months and the historically slow 6 month period of May-Oct just beginning- Who the F is rushing in to buy here? Cash is a position people
Cash is wall paper. In Venezuela soccer balls are made from bank notes. "Who the F is rushing in to buy here?" Goldman is buying on secret/ not so secret orders from the Fed. It happened in 1987. It happened at recent lows with many stock rebounding now 2X and 3X their lows. Look at the number of new account openings at Robin Hood.
Citadel's hedge fund owns 116,736 shares of Tesla (0.1%) while market-making business Citadel Securities owns 7,747,323 shares (4.2%). Do these numbers make sense that the market making division owns the major portion??
Maybe people bought so many calls from them that they had to hedge, so much that they even had to disclose the purchase.