The collapse last week and up to today tells me that the SPX is susceptible to collapsing to non above SPX 2900 at some point--even with the FED intervention [the FED action today shows that even the FED is aware of that]. I'm all out now. But, now, I shall be ready for that when that happens
they got me good yesterday. i sold out of my CCL for a small gain. wasnt trying to hold that during any kind of volatility lol
Stock Rise as U.S. Growth Outweighs Covid Concern: Markets Wrap from bloomberg.com: "Stocks rose for a third day as optimism over a recovering U.S. economy overrode concern that coronavirus cases are worsening in locations ranging from Texas to China." I'm not buying this optimism. How do people think the economy will recover V-shaped when 'rona cases are increasing? Heck McDonald's doesn't even have a full menu yet. The market went V-shaped, is a pretty clear indicator that total shutdown was the wrong action to take. But now we're in a classic "buy high, sell low" situation, re-opening the economy when there are more cases than before. We're officially in a recession now. That February high in S&P may be out of reach for a while.
Nasdaq hit 10k this month. That last time it ran up to a nice round number, it pulled back for a while.
On Sunday evening it looked like it could be a beginning of a pretty deep correction, now it looks like risk on again for stocks after the FED announcement yesterday
I forget if during the 2008/9 crisis, did the feds buy physical company bonds like they announced they will do Now?
I don’t think they were buying corporate bonds ETF or individual corporate bonds during the financial crisis
North Korea blows up joint liaison office with South in Kaesong https://www.bbc.com/news/world-asia-53060620 India-China Border Standoff Turns Violent, With 20 Indian Soldiers Dead https://www.wsj.com/articles/india-china-border-dispute-turns-deadly-11592305962 Beijing coronavirus outbreak: travel restricted to tackle 'extremely severe' situation https://www.theguardian.com/world/2...break-travel-restricted-china-severe-measures Texas reports highest number of hospitalized coronavirus patients since outbreak began https://www.cbsnews.com/news/texas-coronavirus-hospitalized-patients-highest/ A lot going on for the last 24 hours
I feel like we are up on the massive liquidity provided by the FED, the market probably is not super optimistic about the economic recovery
Google bans ZeroHedge from its ad platform--will no longer be able to generate revenue from any advertisements served by Google Ads. It seems it is because of the comments sections, moreso than the authored articles.
wow! that is a lot to chew on over 24 hours for sure. i can't find where i read this, but someone on the forums here was asking how anyone can do logical trading in this market environment. and one of the responses, which i really liked, was how we can pretty much throw away all logic out the window, thanks to the FED. logic right now would be to soh (sit on hands) and do nothing, but with the FED basically going all in with both feet with soooooo much intervention in the markets, you really can't put any logic at all in this market. honestly, i feel like the market should be tons lower right now with all that is going stateside and abroad, but the FED has basically put a backstop to any significant downfall in the market, no matter what the news can be. and the news can be the worst you can think of, but market will just shrug it off. QE-infinity ftw. it's pretty blatantly obvious that the markets are being propped up pre-election. i've honestly run out of things that can derail this thesis. seriously could have an asteroid hit earth and i feel like the market will rip a new a-hole on that news. just my worthless 2c.
Yeah pretty much I am long so I can’t say I am unhappy with the market going up, but the current valuations are hard to justified considering the fundamentals have worsened so much for the economy. Anyway, for now don’t fight the FED seems to continue to work
NET surging today Got it at $28.79 last week when the market was down big for the day, now trading at $35.81
All I know is - come 11/2/2020, I'm fairly certain I will be out of the market leading into election day.
