I think Monday we can see a follow through of another wicked selloff. Probably 3% or more...if this does take place I believe a shift will be to sell all rallies going forward. The only positive I can feel at the moment is the next multi trillion dollar stimulus package passing in the next week or 2 that could probably erase market losses from this past week, but it feels like selling pressure is going to be here for a bit of time as the vix has now spiked up dramatically.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Haven't you been spouting about the PPT and the Powell put?
Have you lost faith in the Fed now? Traitor!
Give it a week and within that is a hard bounce is my call.
Oh, well, that's brilliant! Let's call it a 50% bounce on a 10% drop. We're still down 5%. And then it drops 10% from there. Rinse, repeat. Game over, man! We're dropping like a rock, just like last year! Thanks Reddit!
What we are seeing atm imo is a panic attack driven mainly by retail.
Imo, there is no signs yet of a top.
This is typical short term knee jerk panic which will be countered by a buying opportunity.
This goes on all the time and constant harping on of "TOP!!!" "GO SHORT!!!" "RUN FOR THE EXITS" "FUCK ME DEAD WE'RE ALL SCREWED!!!"
I have been. In order to get the fed intervention and more trillions the market needs desperately that 7% dip. Only way to keep the fed and tbe printing press going. To create a tad bit of fear so that they can continue helping the elite and very rich.
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