I'm frankly thrilled with this dumbass bull trap dcb cuz all my inverses I trade are on sale.... I sold most premkt today, rebought a bit into the close and will scale up tomorrow in SDOW SPXS SOXS etc for long weekend hold Also bought oil APA OXY UCO etc
If I still taught statistics (I was a statistician for Ford in early 90s) I would cite the bs coming out of white house bullshit curve models as: Sampling/measurement error: gross under sampling due to hugely incomplete testing, both pre and post mortem Alpha/beta errors substantially under reported invalidate curve assumptions Inaccuracy, lack of testing rigor
It's not like the market was going down every day and only recovered yesterday. The curve sometimes begins to flatten, other times is going up again, while more virus waves are also expected. And even full virus defeat won't make near-bankrupt and debt-loaded companies suddenly profitable again, bring jobs, and pay people's rent. Just trying to figure out whether Fed/QE really can continue propelling markets, and how.