Nasdaq up 37% in 6 weeks . Has to be a record move for 6 weeks

[Clubber Lang]

PE’s are meaningless with never ending TRILLIONS in stimulus, Zero interest rates, and a Fed who will even buy Junk bonds to keep the house of cards standing.

Don’t try to make sense of it.
It is what it is

 

[KCalhoun]

Thank you sir . I've been doing this 31 yrs full time . I only list these crazy facts . I want people to understand the magnitude of whats going on . But my sole function is to go to the bank daily . If i can't make my House payment can i tell the company" Look Amzn's trading at 100 times earnings its not fair". They'll laugh at me as there kicking me to the street. None of this means you can't short on an intraday or multi day basis . But it does mean that you must be very cautious when shorting and have stops in . It means you always must trade what you see not what you think. And i understand thats very very hard as a trader. We see all the fraud and manipulation that goes on and it can taint your bias to the negative side . But you must resist and make going to the bank every day your goal wether its being long or short . When i talk with a person that is very negative or only wants to short i simply say " Does your bank give you less credit for your deposit wether its short or long profits. They say no. Then i say why do you care if you make the money long or short?"

Your point "you always must trade what you see not what you think" is so fucking right, bravo and thanks, sincerely. That's one of the most brilliant things I've heard in my life, totally agree. Words to trade and live by. I'm gonna remember that.

 

[kashirin]

Your point "you always must trade what you see not what you think" is so fucking right, bravo and thanks, sincerely. That's one of the most brilliant things I've heard in my life, totally agree. Words to trade and live by. I'm gonna remember that.

The thing is in middle of the February if you traded what you see not what you think you would be all-in at 3400 S&P

 

[ironchef]

Italy isn't even on 0.1% kill rate LOL

As Dozu says the virus itself is a nothing burger, but the effects wacky!

Did he get banned for saying that?

 

[Turveyd]

Did he get banned for saying that?

We've all being saying it, he left for zen study or something nutso.

 

[hafez50]

The thing is in middle of the February if you traded what you see not what you think you would be all-in at 3400 S&P

If you traded what you saw you would have been trading long most of the previous 3 months and killed it.Sure you would have lost the day we turned down then you would have reversed to the short side and murdered it . Sure you won’t win 100% of time but you’ll win most of the time .When you fight trend especially short it makes you bitter and angry. Then when the time to short comes you've lost your confidence and miss it .