The TSX has a heavy weighting in our big banks, mining, and energy. The big banks got super cheap at the "bottom". Gold tends to do well in a crisis. Our energy sector was already fire sale it's went to far less then fire sale. So I'm unclear what's supposed to go lower on the TSX at 11200 ( or the 11600-11700 area I called when markets were halted at 9:30 am ). That's my theory anyways and the early results are quite good the market rebounded massively last Tuesday biggest one day move up since the year 1933. Note I am not referring to US indexes which are still at a mid point in recent years prices. The TSX went to year 2010 levels.
I am also bullish short term. I think next 2 day could be one of the best for the stock market, ever. Reason being is FED has substantially increased their balance sheet and market looks like a bottom. It seems like they have absorbed the selling(for now), and bought everyones shorts. People shorting without a stop loss is a good bottom signal, not to mention FOR THE FIRST TIME we PUMPED on BEARISH news(jobs reports!!). However, market will catch up with the damage done to the economy sooner or later. It's just looking for the most efficient path, but destination is known(down big time - how could it not?).
Wow this looks fantastic, couldn't have asked for more. This could easily continue higher up from here. Though, I find it rather scary that global indices are jumping up and down 10% on a daily basis like some shitcoin.
I'm assuming you're a member of this forum because you're a trader. You should then just trade, make some money and try to make the best of your self isolation unless you're one of those "social people" or living with others impacted by the current chaos. Simply, worry about what you can control at home because we can't really do anything else outside of the home. wrbtrader
Personally, I don't have a problem with the self-isolation as I've always been pretty introverted. But I can see how it would grate on others.
A paper factory blew up..to smithereens. Down came floating the New York Time, the Washington Post, don’t the the stimulus bill, and all the medical journals.
Christ this is some scary shit that I want no part of. Why are people begging to have their liberties taken away? based on so little information??
The better question is why people are thinking this is business as usual and continue buying? When was the last time they had to resort to storing bodies in coffins because the coroner's officer too full? When was the last 3.28 million people were unemployed from a flu? And if you say the Spanish Flu just to be a smart alex, well that was more than a century ago, so not business as usual. Greece, Spain, Italy, Cyprus ... are financial insolvent. Greece has the highest of the first world nations with 176% debt-to-GDP. The Fed has said this was only Phase III. Phase IV is already underway. If we pass a $2 trillion bailout every two weeks, we will have a debt greater than Greece in 14 weeks or 3-1/2 months. At that rate, by July, the US would have the highest debt-to-GDP in the world. By the time you reach Greece's or Italy's level, you start defaulting.