Is a "V" shape recovery a pipe dream post COVID?
- Thread starter Cuddles
- Start date
Me personally I'd rather see consolidation in a bottom. There's a reason why V shaped bottoms tend to be the weakest. It's in the psychology. In a healthy bottom a market consolidates, goes sideways for a while. That's because there is thought and process happening. In a V shaped bottom it's more based on emotion and a 'lack of' thought and process. However, because of all the emotion I expect a V bottom but that is not gonna happen until there is a vaccine and no one knows exactly when that will be. I do think there is more pain for the indices. These moves up are so normal in a downtrend!
this about sums up how I fell right now. Bears getting smoked badly...
<blockquote class="reddit-card" data-card-created="1585581757"><a href=" ">Record unemployment + debt funded temporary stimulus + exponential growth of coronavirus = bull run *ScoMo interchangeable with Trump*</a> from <a href="http://www.reddit.com/r/wallstreetbets">r/wallstreetbets</a></blockquote>
<script async src="//embed.redditmedia.com/widgets/platform.js" charset="UTF-8"></script>
<blockquote class="reddit-card" data-card-created="1585581757"><a href=" ">Record unemployment + debt funded temporary stimulus + exponential growth of coronavirus = bull run *ScoMo interchangeable with Trump*</a> from <a href="http://www.reddit.com/r/wallstreetbets">r/wallstreetbets</a></blockquote>
<script async src="//embed.redditmedia.com/widgets/platform.js" charset="UTF-8"></script>
honestly should just buy some amzn, baba, wmt, msft, and hold.
yes definitely should do that...that way you will have enough money to retire just in time to pay someone to change your diapers at your house vs the nursing home.
lambo dreams and 3somes w/10's are getting wrecked.
its painful but I have to stick to my plan. Wouldnt blame anyone for folding short positions and going long honestly this is probably what most if not all the top traders from "market wizards" would do. that or fold shorts and wait/try other short positions when the trend turns bearish again.