What's up with your pro-boys? Who sold into this drop? Not the peanut players. I mean they may have sold, but they didn't cause this drop. That be the pro-boys.
There are many fundamental reasons for this selloff. People will postpone spending in so many ways that I cannot even list. I've personally put off air travel because I don't want to spend 2 weeks in quarantine after reaching my destination, not to mention catching it and being sick for weeks or more. Who will fill all these hotels, airplanes, shows? The more crowded the place, the more risk you have. Not going anywhere is the safest option. Simple.
The REAL reason is fear for the Fundamentals turning sour. That souring is just beginning. Prior to the virus there were no reasons for this selloff.
And I'm saying they've already turned sour. Many of the effects are blatantly obvious to me. The virus hit a long time ago, it only just now went properly global. I'm nearer to the epicenter so the effects have been obvious a long time ago. The market always trades on future value...
it has even hit the politics forum! lol https://elitetrader.com/et/threads/havent-posted-here-in-a-while-but-here-it-is.340915/ wade on in...
ok there is so much momentum there is gonna be another rise tomorrow.... but remember this.. the new cases have not peaked yet... so the timing is perfect for the purpose of shaking the tree.. they gonna cook it another round or so... doom stories all over the media and the price action knock it down a few times... by the time we hit april and new cases on the way down, them boys will have collected enough inventory for another crazy earning run.. it's the same shit over and over. THIS is how you make money in the markets... BIG money. please... the master has laid out how exactly the market works... pay attention.