Posted on 03/23/2020 8:05:22 PM PDT by entropy12
End of quarter balancing.
End of quarter balancing.
It’ll never hold.
The stock market is baked.
The pricing of stocks is supposed to take into account future earnings. Anyone suggesting what earnings are going to be for the next year is a crazy person.
This is all play money running in, all algorithms.
I think I will wait until the market doesn’t swing 5% in an hour. If I want that, I can buy bitcoin.
Up almost 1,000 around 6 a.m. The trend is not positive.
Could absolutely be more plunge protection. But could also be a reaction to Trump making it clear last night that he’s going to find ways to keep/reopen the country for business.
He has realized that finding the right safe and open balance will cause less human carnage than a full=blown Depression.
AMD, TQQQ, SOXL, SPXL
My contention is that those with CDS -Corona Derangement Syndrome can GTH. We will work NOW!!!!
Or relieved that Trump is going to strategically get America back to work. We can do two things at once.
That’s what I think. President Trump’s presser yesterday where he said we got to get back to work sooner rather than later pushed futures up.
It will never hold? Doubled the gains in DOW from last night.
They do not ring a bell when trend changes direction.
Looking at it another way, observe how many people have been buying for 3.5 years chasing the bull trend. They are down a lot. Buying at these levels, even if it goes down another 25-39%, you are still way ahead of all the bulls for last 3.5 years.
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