QQQ went from low of 220 on Monday to 230 on Wednesday overnight trading that is 5% in two days. 5% range is huge for the market. that is a rare price gap. only see that kind of range market crashes or blow off tops.
is this another rocket to higher. as short get squeeze even more. like the market double from here or triple. to insane valuation like amazon worth 5 trillion
in 1999 stocks with no revenues was valued at 500 million that was how insane valuations was. and amazon was just book vendor in 1999 with a 1 billion dollar market valuations and losing money that was in 1999 1 billion would be like putting a 10 billion valuation on internet book vendor. that was losing millions selling books.
now look at facebook which the QQQ mimicks
that is huge range in little over three days large gaps it's short squeeze
in 1999 the market doubled in 6 months and it was short squeeze too.?
there is no selling and too many open overnight short positions.
market wisdom: the market can be irrational longer than your are solvent.
unless your are shorting individual stocks this 'market' is insane and illiquid. absolutely no selling and short just keep bidding and adding shorts.?
blow off tops is when all the money is dried up. no buyers to buy and people start selling their stocks find there are no buyers other than shorts who were buying
the market is like vacuum absolutey nothing in the top and no bids other than market makers. totall illiquid for trading long term. screwed if you long or short position for short term trading. screwed by the rigged market.
as for crash of oil ..all commodities crashed....oil going to $150 in 2009 was speculative hedge fund pouring money into it too. there is tonnes of oil and oil sands. there is plenty of supply and lots of wealth or resources, no need for rising prices. rising and increase prices is bad for the economy as people are poorer if incomes don't rise with rising income or employment that is stagflation worse then deflation.
deflation or when prices don't rise is not that bad and means prices a stable. rising hyperinflation is usually a bad sign.usually wars etc. or short supply from bad weather or other things
is this another rocket to higher. as short get squeeze even more. like the market double from here or triple. to insane valuation like amazon worth 5 trillion
in 1999 stocks with no revenues was valued at 500 million that was how insane valuations was. and amazon was just book vendor in 1999 with a 1 billion dollar market valuations and losing money that was in 1999 1 billion would be like putting a 10 billion valuation on internet book vendor. that was losing millions selling books.
now look at facebook which the QQQ mimicks
that is huge range in little over three days large gaps it's short squeeze
in 1999 the market doubled in 6 months and it was short squeeze too.?
there is no selling and too many open overnight short positions.
market wisdom: the market can be irrational longer than your are solvent.
unless your are shorting individual stocks this 'market' is insane and illiquid. absolutely no selling and short just keep bidding and adding shorts.?
blow off tops is when all the money is dried up. no buyers to buy and people start selling their stocks find there are no buyers other than shorts who were buying
the market is like vacuum absolutey nothing in the top and no bids other than market makers. totall illiquid for trading long term. screwed if you long or short position for short term trading. screwed by the rigged market.
as for crash of oil ..all commodities crashed....oil going to $150 in 2009 was speculative hedge fund pouring money into it too. there is tonnes of oil and oil sands. there is plenty of supply and lots of wealth or resources, no need for rising prices. rising and increase prices is bad for the economy as people are poorer if incomes don't rise with rising income or employment that is stagflation worse then deflation.
deflation or when prices don't rise is not that bad and means prices a stable. rising hyperinflation is usually a bad sign.usually wars etc. or short supply from bad weather or other things
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But I bought GOLD instead. Better bang for your buck IMO.