This is all irrational, just as the last leg to ATHs was. Maybe it was just covering to lock in gains, but even still, it could create a positive feedback look with Europe saying we did so much better today than they did, we better bid it up, then we see them and copy, and so on. Who the F knows. This is total madness. To whomever has the titanium balls to put sizable money on the table here, please invite me to your poker games.
Definitely gonna remember this week. Do you guys know China market is outperforming all other countries? In the sense of being the least away from this year's highs: So if I want the US market to do better, I want more quarantines?? This was from @bespokeinvest a couple days ago, now China is about -6.5% away from this year's high. Going to remember how the market reacted to 1 fucking person having a flu bug this week. I'm assuming this is not going to become common, meaning the market being affected by a lone person, not meaning the flu. Going to leave with this: the VIX put up the kind of candle you like to see for a reversal today.
