and where are the idiots calling SP to 1700 whatever... 1 day of rise they all go hiding in the basement. fcking morons and cowards too, at least show some balls to stick to your fcking calls? don't forget when we get to ATH, which will be very soon, you will still have to answer my question. WHO IS YOUR DADDY.
$2t + rates cut to zero + QE infinity... this already is at least 4X bigger injection than the virus GDP drag.... I am telling you them morons will have to answer to daddy very soon, that's why them hiding now.
I didn't go anywhere, you can check my post history I said ES 2200-2300 would be a level I'd be more looking at the long side than short side at least short term. This is just one positive day(and it hasn't even finished yet) in forever. I wouldn't go beating the drum too loudly just yet. Short covering rallies are expected and at these levels a multi-day rally has higher probability now. This still doesn't change anything, it's just one day.
Very few people can do the strategy of just buy and hold for there actual primary income. Sure, for passive income or long term investing it's more viable, but even than if you want to be like every other manager in the world that gets paid a 2% or whatever management fee just to buy and watch it go up, than also earn a 2% management fee to just watch it go down, than go ahead. There's already plenty of people like that out there, you should just go work for one of those companies. At least you'll get paid a management fee. I am not and I wont call tops or bottoms. I simply look at the probabilities and trade accordingly intra-day.
Yes it was, by at least 20%. We had consecutive upgaps when the market didn't even look back trying to close those gaps. That is bubble my friend.
about 10% not 20%. The move from oct-feb into new territory was pretty much on fumes, that's where tech and TSLA got crazy out of nowhere. 3000 for the SP was pretty much fair.
We can disagree about the value, the point is, that was not a normal market. As you said, Tesla getting to $1000 is not reality. Companies not making ever any profits IPOing is not reality.
We'll actually have to see that $2T get passed before we can make those conclusions but yeah, you have a point.