It's So Hard not to Believe what you see with your own Eyes...

[SimpleMeLike]

I had to drive across state yesterday to go to a funeral and nearly everything was closed...100% of retail in the city was shut down. Even in the smaller agricultural based towns that I was familiar with (from working in the oilfield) were dead...Maybe 25% of the activity from when I was there a year ago. I see all of this and i think "damn this is bad, obviously the market should be bearish"...but then I look at the market and holy shit its gapping up like mad we are nearly back to May 2019 levels.

We all know the saying "the market can stay irrational longer than you can stay solvent". But will the irrationality fade with Q1 earnings? Or will markets shrug that bad news off and continue to climb on the hopes of everything returning to business as usual in a few months?

*Comet going to impact Earth any minute
*Permabull Chads everywhere scream: "Its already priced in...the market is forward looking"
*S&P 500 surges +5%

Nobody knows anything.

Make a decision and move on with it.

Or dollar cost average into something and hold.

 

[zghorner]

Weren't the pharmacies and grocery stores open ???

You're going to see some wild swings in the market to make Longs & Shorts happy until the U.S. Presidential election while this Coronavirus Covid-19 is occurring.

Yet, if someone is only playing one way all the way until the U.S. elections...better have some deep pockets to support those big balls.

wrbtrader

Yes some places were open when I said 100% it was a bit of an exaggeration but it looked like a ghost town compared to normal activity.

 

[Cuddles]

Nah man we aren’t drilling...we’ve been getting drilled for weeks now I’m ordering a donut pillow off amazon right after This reply. I’ve still got diamond hands and holding even though I’m down $30k right now so don’t question my bear gayness.

RIP; thots and players

I felt bad for being down 1k & missing on sick bull gains.

 

[ironchef]

the market is forward looking

You said it yourself.

Also, the market tends to overreact, especially on the down side.

 

[Zalak]

often we draw certain conclusions without understanding.

 

[Devin larrson]

often we draw certain conclusions without understanding.

This happens most often.