I cringe to think how many shorts are stuck from the past 4 weeks.

[bone]

You are on the path to enlightenment. Ask yourself: "where's the real juice - the rocketfuel in this market?" When you factor in all of the fresh shorts - I agree that it's to the upside.

One reason I believe this rally could keep going is because ZERO of the people I follow on Twitter believe it is real....literally not one person believes this can keep going. Ackman and Howard Marks are the only high profile fund managers who I have heard who believe stocks are good buy right now.

Gundlach, Munger, Buffett, Icahn, Tepper, Larry Fink, Jamie Dimon, etc have been very pessimistic about things lately.

 

[S2007S]

Just look at these headlines.......



Nearly half the global workforce at risk of losing income due to the coronavirus, warns UN labor agency


The economic decline in the first quarter reveals even weaker consumers and more unknowns ahead

https://www.cnbc.com/2020/04/29/the...weaker-consumers-and-more-unknowns-ahead.html


https://www.cnbc.com/2020/04/29/cor...lobal-workforce-at-risk-of-losing-income.html

 

[ElCubano]

B


Brother hell i loaded Uber between $14-$16 and sold at $21 . Its $31 now. I believe in reverse in a few months you wish you shorted between 2900-3000 looking back.

I don't think so. We will keep printing up the wall of worry.

 

[SteveM]

Buffet is never pessimistic

Buffett has been sitting on a $100B in cash for 5 years, and still wouldn't pull the trigger during the March lows...

 

[ElCubano]

One reason I believe this rally could keep going is because ZERO of the people I follow on Twitter believe it is real....literally not one person believes this can keep going. Ackman and Howard Marks are the only high profile fund managers who I have heard who believe stocks are good buy right now.

Gundlach, Munger, Buffett, Icahn, Tepper, Larry Fink, Jamie Dimon, etc have been very pessimistic about things lately.

and S007S

 

[smallfil]

Considering most of them ET trolls, no big loss. These guys have been spreading disinformation left and right and if they are dumb enough to believe their BS, they deserved to have their heads handed to them on a silver platter.

 

[bone]

A fair amount of the shine wore off of Berkshire Hathaway with institutional investors - they were pissed that Buffet just sat on a mountain of cash for five of the best years in stock market history.

Buffet is never pessimistic

 

[wrbtrader]

Hell 2500 looked like a no brainer short off 2186 for a retest of the lows. Now at 2930 shorts have to be in a world of pain .

I think the big boyz cashed in their profits from Shorts and rolled it into Long positions.

Thus, only the greedy ones and late arrivals got caught in their Shorts. Yet, I feel sorry for anyones with poor risk management and have been "adding" to their Shorts.

You made three mistakes...

wrbtrader

 

[S2007S]

Buffett has been sitting on a $100B in cash for 5 years, and still wouldn't pull the trigger during the March lows...

Again you can only say that AFTER the fact.

Go back to mid March when the markets were collapsing, no one wanted apple at 275, 270, 268, 264, 258, 255, 253 but wow are they buying it up at 285

I would say 97% of people think March 23rd was the low. The low for how long??? A few months, a year or two, or forever, 99.8% would say forever!

 

[hafez50]

I don't think so. We will keep printing up the wall of worry.

I'm talking 200-300 pts down not a retest of the lows