You're off ignore too? You and Mickey?
He must really be mad at me. Good.
His calls were f'ing retarded all the way down on a 30% drop... and he was either too stupid or too stubborn to admit he was wrong. I can deal with that, but his parroting of Trump and his non-stop minimization of the seriousness of this Virus drew my ire and he heard it in my words.
Remember this one Izzy from 2-1/2 weeks ago?
Turns out I was right. Again. And you were dead assed wrong. Again.
So fuck you Izzy, you should be ashamed of yourself. I hope no one you love dies. Some of us really have to worry about that, we can't just go fucking golfing. And there's 99% chance you suck at that too. 99.99%.
Moby and his dick? Excuse me, the story is Moby Dick and his obsession with a whale that was ultimately his undoing. It seems like B1S2 is your whale. I seriously doubt widows and orphans are hanging on every word B1S2 speaks.
You are a source of great, well reasoned trades and ideas, that I'm sure are appreciated by many, including myself.
Please be nice to B1: Bark less and wag more, as the saying goes. Please?
Remember, easy money is the fuel for market advances. The Fed is fully committed to propping the markets up until the economy recovers to where things hopefully can become self-sustaining on their own. Plentiful and cheap energy and new technologies could have potent "Bailout" power. Remember, the Fed acted decisively, well before any of the pandemic affected economic numbers came out. Thus in my mind, it is almost certain the lows have been made, absent a major adverse geopolitical development. If my read on this situation is wrong and we do take out the recent lows, we could be looking at systemic collapse with a entrenched negative feedback loop. The Fed, our President, and Congress will not just sit by and let that happen. $4T not enough? Let's try $8T. There is even an answer or two to deal with debasement of our currency. More on that later, depending how things transpire. We need a new New Deal? Done. Infrastructure spending up the wazoo. Painful inflation? Of course, but not necessarily immediately. Besides, even if inflation were immediate, would you really want to be under invested in cash, or worse, in a long term short?
Don't fight the Fed and buy the dips for longer term trades is probably the best way to go.
Your turn.
