Markets are Remaining Bullish Post-Panic Selling

First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few of my insights. I was earlier today going to do a livestream (which I'm trying to reschedule to talk about Covid that had to be canceled due to some technical difficulties), this is what I was mostly going to say: Many of the indexes, markets and different commodities and asset classes started to be quite bearish when news started breaking out of Covid19. I said that before, and I will say that again. Bitcoin even went down. The demand in the supply and demand curve for things such as gas, oil , and precious metals started going down. Indexes were going down, and even currencies started being effected. This told me that people were and have been panic selling. Most of the downward spirals weren't justified by business or asset class performance, but rather was a result of that panic selling. Now, it looks like there is a positive retracement and the entire market seems to be bullish again. This also brings back an important point for traders, which is that the best strategies and advisors do well in both a bearish and bullish market. If they are doing well only in a bullish market, this could be indicative of lack of experience, skill or knowledge.


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