Bullish at a Time of Extreme Panic (Larry Williams)
- Thread starter Zor_Champ
- Start date
it takes courage to be pig! 
that is just it...………….
a 3 week down move is just not enough to turn a 10 year bull market...…..
most countertrend moves are fast and furious and this is another countertrend move ……..so far.
Dude, show some respect. Larry's a legend in the futures market.
How can this situation possibly get better though in the near future with more and more countries, cities, businesses getting shut down each day? The flu will have to have peaked and numbers will need to be dropping worldwide not climbing...until then you are in a bear market. This thing is exceeding swine flu currently on how bad it is. SF hit when the entire market was undervalued CV hit when the market was overvalued so it just seems obvious to me this is going to stay bad overall. Maybe I’m wrong admittedly I haven’t been very good at this in the past but it I feel pretty confident this isn’t a quick turn around.
https://www.wwltv.com/mobile/articl...irus/289-5a748d5d-2fa2-44c1-9fff-ad1c8bfb2739
I never said the countertrend move is over.
Padu, had you been a buy & hold investor, you would have lost a lot of money by now. We can at least agree on that, right? Granted, we could reverse and, hopefully, go all the way back to the ATH. But how likely is that, considering the Corona isn't showing any signs of letting up?
The problem with you and other permabulls are that you treat this as a bull-market correction and not a bear-market selloff. But 30% selloff is no correction (or is it?)
How can this be a correction with businesses shutting down and people getting laid off? Literally all industries are shutting down and crying for help. Even during the great depression we didn't have something physically restricting transactions. As FDR put it, "we are stricken by no plague of locusts," then. Well we are stricken by one this time.
Personally, I think it is a bit of over reaction considering this virus won't wipe out humanity with mortality rate likely less than 1% once the numbers start clearing. Regardless, the panic is probably necessary to keep it from spreading faster than it already is. In the meantime, the economy is going to get battered until this thing cools off and fixing a broken supply chain is going to take some time afterwards.
We are facing a crisis with serious repercussions to the economy, this isn't just a stock market correction.
Personally, I think it is a bit of over reaction considering this virus won't wipe out humanity with mortality rate likely less than 1% once the numbers start clearing. Regardless, the panic is probably necessary to keep it from spreading faster than it already is. In the meantime, the economy is going to get battered until this thing cools off and fixing a broken supply chain is going to take some time afterwards.
We are facing a crisis with serious repercussions to the economy, this isn't just a stock market correction.