All you need is for remdesivir's (or maybe other drugs') clinical trials to show efficacy later this month and the fear factor will be gone. The manufacturer is already ramping up production to meet "anticipated" demand even though it is not yet proven. Once fear is gone, everything will return to normal very quickly since there is no structural impediments to the world economy.
Big picture the market will crash like I said it would a month ago. But not without dead cat bounces along the way. We may get one Monday, so I went mostly cash Friday, still holding very small size UVXY VXX SQQQ. I'll rebuy those and TVIX aggressively next week on any day the S&P loses prior day's support. Plus long DWT if crude continues down, or UWT GUSH if it bounces. Doing hybrid day & swing trading... start small position as day trade, scale up and turn into swing trade if price action closes near hod.
perception is near-term reality. You want to hold through the drawdown, great, but stop the condescending bullshit just cause you might be getting smoked. Market is what it is, adapt or else. How do you like a taste of your own machismo medicine BS?
me boys doing really great this time. what are we talking about here... vix at 60, highest level since the GFC.... for f'cking what - the same old low oil BS they already used once in early 2016, plus a virus that is just another f'cking flu.... global flu death average 400,000 per year, right now we have what, not even 4000. them boys doing really good... and the more they shake with bs, the more you can learn how they operate and why they operate this way... they need inventory! need inventory for what? it's too obvious!
IMO, this is an unhealthy market. Two crashes in as many years that are only revived through a fed pump. This means that even if we are running out of shares, we are running out of people who can afford to buy. This is an economic issue. The market reflects the reality that the USA is a land of two economies and there are less of the 1% than there are of the 99%. The pumps have been primed again (of course - 112 billion in overnight repo) so expect more of the same but at some point, we have to look in the mirror and realize what's really going on.
This article is from 2 months ago: https://www.cnbc.com/2020/01/03/pri...-pile-comes-with-a-new-set-of-challenges.html There have been plenty more like it over the past months and years - the 99% might be living paycheck to paycheck (albeit those paychecks are at least growing), but everyone with real money is sitting on enormous mountains of cash that they have no idea what to do with. And now the great COVID-oil panic of 2020 has, in under three weeks, taken away the last scraps of risk-free yield that could be had in the Treasury market. In the short term there might be more selling to come, but once the COVID stuff passes (which will happen in 6-8 weeks if not before - it's already mostly blown over in China and is peaking out in Korea) you'll be left with economic data and earnings figures that have snapped right back to pre-panic levels but with the Fed having implemented ZIRP and probably restarted QE. Looking out over the next 2-3 years the stage is certainly set for a massive blow-off run in equities, even more powerful than what was setting up in late 2019.
nothing has changed! the pump issue is not that straight forward... when euro and jap goes negative we can't stay up there for too long, yeah ironically 1.5% was 'up there' lol. 2 economies - yes and no, yes the gap is increasing but the public participation is still low. the other factor is in the coming years the millennials will over take the boomers as the peak crowd for consumption, once that happens the gap may decrease. but - I don't view these as crashes. like 2018 the inflation scare was bogus right, them boys needed something to collect chips, just like this time... I was just gonna post again how great me boys execute these operations. 62 vix with 2 bs stories - I already explained why both the oil and the virus are bogus. it may not be clear now as the market is in panic mode... but in a few weeks when the earning run is in full swing and them boys turn the media machine 180 degrees around you will see it's the same shit over and over. I mean look at these candles down here.... these are all f'cking scooping-up candles.... unbelievable how them boys can do it so well with nothing burger virus that has killed 4000 so far, 1% of annual world flu death. just gap the way f'ck down here.... now the real supply and demand they can't manipulate much... them corporate buy backs and central bank buy-ins, the real demand is not changed, it is still f'cking way high, but why not push the open down, thin time, easy kill! it's so obvious why don't people see.
exactly! and them chips mi boys collected in this round of big shake will have them laughing all the way to the bank, or that remote island with them free bitches! for the grace of god, why don't people see thru this.