Posted on 03/23/2020 8:05:22 PM PDT by entropy12
LARGEST PSYOPS in world history. Should be open season on ‘rats and propagandists for the damage they have done, the anxiety, stress and destruction they have caused.
Dead cat bounce.
I believe we will test the support at 15,000...
Satan doesn’t want the bitch!
Seems like somebody could do something about that.
I believe we’ve already hit the lows, though. Trump and news reports have dispelled the lies and the desperate fever that has covered the world. Hope is back for good. Nancy and her Senate bodyguard will need to scramble to submit a bill to pass to hope to claim any credit for the consistent upturn in the market we will see, even without a bill.
Not until they get their short orders in.
Definitely a result of the President’s news conference today. Good to read.
They said they were testing 16K people a day in NY
As analysts release/update their earnings estimates for the year, the impact will be felt in lower, but realistic price multiples... which is expected, but no final numbers yet.
The amount of bargain shopping and cheery expectations alone says there is more pain needed to end this bear
We are due a short relief rally before the final pain of testing 15K
The good news is that after the retest we should see a rapid rise to 45k over the next two years... then the worldwide problems come home to roost.
Keep your powder dry and good luck!
One thing I don’t understand. If the senate passes a bill, doesn’t it have to be voted on by the house? The house is not even in session!
Did Pelosi drop dead? That would cause stocks to jump up...
Depends on how long we stay shut down. The longer, the more the damage. If most large states are shut through April, we have a long ways to drop from here.
More deaths need qualifiers...how long in the hospital, underlying problems.
No. More testing reveals more cases, sure. But new infections produce more cases. It is not just a matter of testing.
HA...would be blip on the screen
What did you buy?
Stay short, expecially big banks, DB and C, stuck with MBS again, just not levered up 40 imes, as they were before. Buy short dated puts, like end of April one or two strikes out of the money, hedge days like tomorrow with a straddle, buy a call two strikes out of the money.
I love this market, throw away the charts, do the opposite of Kramer.
Gas prices in this area lower than Monday. Prices have fallen from 1.86/gal to 1.79/gal this morning. Cov-19 State Emergency Order still in effect here. So whatever rally suspicious from our end
I just checked prices at 8am, gold up 1%, stocks worldwide up 5 to 7%.
Something is up! Too much of a bounce for a dead cat bounce.
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