You've done your homework? Haha. Allow me to give you the two overgeneralized possibilities. Either we tip off a new bull market because the bullish contagion is even more contagious than Covid-19. People are going to be digesting earnings this week through a lens of confirmation bias which is the same hysteria that unraveled this market to such extreme lows relative to short-term. That coupled with central banks' inflationary abilities which have rigged the markets for years will make us climb higher. The icing on the cake is Donald Pump who has this uncanny ability to market his aspirations despite how outlandish they sound at first. To then get enough people to rally around these ideas which entail gives him the human capital and resources to achieve such a feat. This ability to lure people into his dreams and force them into realities is why he is where is he is now.
On the other hand, the more rational sequence could play out. People could come to a realization allowing this market to continue to fall like it did in 1929. Earnings may not be enough to spook people which is what scares me. If you pay careful attention, the language being said is still dominantly bullish and it may only be catching fire. Historically, markets have only gone up because people are dumb. Yet this time feels different, maybe its a culmination from the last 25 years that's going to be unwound. What pains me is I just don't see that panic being injected back into market by anything other than Wave 2 of a deadlier mutated virus. No bankruptcy is gona arouse the same emotions that got us to this bottom.
@elvis0288, could you please guide how u trade puts? please PM
DaddySawbucks
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@ofa, You want to buy them AFTER the decline has begun, NOT in anticipation that a selloff might occur.
Else you just keep chasing a lost cause while the bulltardz pump it ever higher, lol.
You can buy SPXS and SQQQ fairly cheap now, at ~ $10, $12 per share, these are 3x inverse ETFs.
You do NOT hold these ETFs; they trade like LEAPS options, they have time decay as well!
On the other hand, the more rational sequence could play out. People could come to a realization allowing this market to continue to fall like it did in 1929. Earnings may not be enough to spook people which is what scares me. If you pay careful attention, the language being said is still dominantly bullish and it may only be catching fire. Historically, markets have only gone up because people are dumb. Yet this time feels different, maybe its a culmination from the last 25 years that's going to be unwound. What pains me is I just don't see that panic being injected back into market by anything other than Wave 2 of a deadlier mutated virus. No bankruptcy is gona arouse the same emotions that got us to this bottom.