S&P Futures Opens Down 20 Points!

schizo said:
Death toll from Coronavirus exceeds 100 as number of infections skyrockets.
https://www.nytimes.com/2020/01/28/world/asia/china-coronavirus.html

The outbreak of the mysterious new coronavirus is rapidly spreading, the Chinese authorities said on Tuesday, as the official account of known cases jumped nearly 60 percent overnight and the death toll exceeded 100 for the first time.

◆ China said on Tuesday that 106 people had died from the virus, which is believed to have originated in the central city of Wuhan and is spreading across the country. The previous death toll, on Monday, was 81.

◆ The number of confirmed cases increased to 4,515 on Tuesday, from 2,835 on Monday, according to the National Health Commission. The youngest confirmed case is a 9-month-old girl in Beijing.
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No one cares, old news. New news is market going to ATH by Friday.
 
nooby_mcnoob said:
I think we're in 1997/1998. There is no pets.com yet. Tesla is not pets.com. P/E is similar to 1998. We've _avoided_ the pets.com fiasco (for example, WeWork IPO)
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OP is highly delusional trying to justify his short trades by spamming the board with overdone "news" and really badly researched comparisons to the dot com era. None of it matters. His "arrow" is particularly ridiculous once one looks at the underlying percentage gains in markets.

There are some rough similarities between 1998 and 2019 on the Nasdaq. If one insists on going down that road, and different era's rarely follow exact same paths, 2020 should be a huge up year. I don't think it's applicable at all though the forces moving markets are entirely different and we have yet to see the euphoria and mass participation that existed in 1998/1999.
 
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Everyone still worried....just as I said markets would be back up....absolutely zero worries.

Earnings from apple and amd tonight should catapult the markets another percent tomorrow. Free money is non stop. Did you really think the markets would be down another 2% today? Haha Haha. Everyone all scared. No need to worry when the fed is printing trillions to prop up markets.
 
nooby_mcnoob said:
Purely on a ATR basis, that makes sense. Daily ATR is 108-ish. Today's range is 153. That's insane (NQ)
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Insanity was what propped up the market in 1999, and that's what's keeping this market up as well. Or shall I make it sound more intelligent? IRRATIONAL EXUBERANCE. :finger:
 
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