%% LOL. Much of it is well deserved FB still going down, down, maybe that will teach them NOT to censor\meddle so much. NY maybe in trouble again\ many of the big banks FOX news reports, are going to let workers work @ NJ homes + all the other places they commute from. Nothing like smaller tax collections to send a big message............................................................................................
Well, the millennial army of retail-monkeys may have lost the battles for now, but not the WAR (yet)! It's still justified having aped into failing companies like HOOD for over 80 bucks a share, because now we are in DEEP VALUE TERRITORY. Think... for a little over 10 bucks, you can buy a share that only loses 7.5 every year. Surely it's a fantastic bargain still. You'll be sorry when you realize you've missed out on the rally! DEEP VALUE everyone... that's the new catch-phrase. DEEP VALUE TERRITORY.
I have not at all been overly biased. I've been very objective and have already flipped to leaning to the long side once. Here's my post right before the bullish move we had previously starting in late January.
Oh well, if nothing else all those jackasses who have been screaming "stocks are in a bubble!" "the market is in a bubble!" will finally STFU.
It's not good to have emotions either way. Tune that noise out and don't take your positions or views personal. There's people that are perma-bears and can't see the rallies, just like there are people who are perma-bulls who can never see a drop. Literally no difference between those two types, except generally speaking equities are naturally bullish bias, so typically perma bulls do better. If you really want to be stubborn and like to ignore facts, probably better to be a perma-bull in the long run.
Except equities as a whole are not naturally biased to the upside. Some are. Equities indexes are the ones that are "naturally" biased thanks to survivorship basis getting rid of the doooooogs every so often. Like if Vegas changed the odds, even more in their favor, after the game had already begun.
Ok, well let me be more specific than. I am speaking of ES / NQ / YM. If you still say or think they aren't naturally bullish bias, than we will have to agree to disagree or at least on my end that's what I'll do.
The current drop in the market because of fear of war will freeze some of the buying powers in the retail sector which will tame inflation and as a result Fed will need to reduce the steps needed to increase interest rates which will cause some bullishness in the market.