1. Hope! This is based on assumptions that the worst of the Coronavirus economic and health crisis is behind us. 2. Cash on the sidelines and a lot of it, FOMO is driving underexposed money managers to compete with the market using their cash reserves. 3. Bargain prices for quality and growth stocks, we are still - 15% off the recent lows. 4. Hope (again) that a cure for the coronavirus is found in the very near future, as there is an unprecedented global effort and race to develop one. 5. Positive LONGTERM view, as in markets will make a new high again, if not in 2020 then 2021. 6. Massive cash injection by the fed (QE4Ever), lifting asset prices and preventing another meltdown 7. Election - as Trump runs for reelection, he wants this so bad, coming from a business environment, every problem can be solved with... More money! And now he has the deepest pockets in the world Trade smartly, Alon , AlphaOverBeta
%% [1] ok [2+3X] Many 2 + 3 times etf s are having better volume. Some people use common sense, even more than hope; CA medical doctor with 5,000 tests results noted quarentine the sick, NOT the well.LOL/common sense. [4-5] DAL has good customer service,LOL, but wow, looks like fund managers have so much cash; like a REALTOR said ''people will buy anything'' LOL...………………………………………………………………………………………………………………..
Of course there are always many many factors. I am sure one factor is this is just such a different situation that I am not sure the current index weighting is really optimal to reflect the general health of the economy.
%% Good points+ the DOW goes up more in APR, usually, for no good reason most likely, except Stock Traders Almanac has noted that pattern for years. Another reason for bulls /uptrending; many look ahead 6 months/OCT=bear killer. Another reason, DAL has good customer service; but most likely DAL is WAAAAAAAAY overpriced ??With warren Buffet buying, he would like the price to come down also.So dont know why DAL has not come down more/most likely will. But then again like the REALTOR laughed + said ''some people will buy anything''...…………………………………………………………………. NOT long or short DAL, but the CEO said he was buying 1 billion bucks carbon credits, so DAL maygo bankrupt again=not a prediction
I saw a chart a few weeks ago i wish i had saved it but it basically showed banks purchasing equities with borrowed money at an extremely high rate compared to 2019...market prop up in a bar chart form. not sure if it was accurate or true or not, looking for it again now. Right now i can see retailer FOMO driving the market...facebook groups have exploded in size everyone and their mom are "investing"...but last month seemed artificial as fuuuuuuuck.
it is not your robinhood users that for sure. it is the feds > hedge funds > biweekly 401k employees + employers > retail traders
%% Good points/roth accounts/back door roths/mutual funds[aka elephants]+ really depends on the market. QQQ still is above 200 dma, don't know where it closes MAY, ok, but APR =good uptrend......................................................................................... DAL is down trending again/last 3 years; but they went bankrupt years ago+ elephants are said to ''never forget''