The good news is done, market has nothing good ahead

[NY_HOOD]

we have the stimulus from the president, the stimulus from the fed and all their pumping. There is nothing in the near future for the market to anticipate. The only potential positive is a quick flattening and downward sloping curve on the virus and that is wishful thinking thus far.
However, there are plenty of unknowns and uncertainty for this market.
Bottom line, the selling is not done. I think earnings and guidence will be even worse than expected as will the economic data. I think many on wall street are overly optimistic.

 

[clacy]

I generally agree with this, although they are going to start working on Phase 4 soon.

I tend to think we will at least retest the recent lows soon.

 

[qlai]

. I think earnings and guidence will be even worse than expected as will the economic data.

What's expected? I remember Gates and Buffet talking about moving away from quarterly reporting. I would not be surprised if companies will simply refuse to make any speculative guidance. Old rules may not apply.

 

[Amun Ra]

I just don't see the negatives anymore.

It's like you fell overboard off a ship. The captain has stopped the ship, thrown you a life preserver, sent out a lifeboat...no wait...a speedboat rushing to come rescue you with a fresh change of clothes and hot cocoa and all you're thinking about is what if a shark bites me in the ass before they can get to me.

There is no uncertainty anymore. Don't fight the fed.

 

[Overnight]

I just don't see the negatives anymore.

It's like you fell overboard off a ship. The captain has stopped the ship, thrown you a life preserver, sent out a lifeboat...no wait...a speedboat rushing to come rescue you with a fresh change of clothes and hot cocoa and all you're thinking about is what if a shark bites me in the ass before they can get to me.

There is no uncertainty anymore. Don't fight the fed.

And then there was this ship called the Titanic. Andrea Doria? Lusitania?!? Yikes!

 

[kashirin]

There is no uncertainty anymore. Don't fight the fed.

LOL. You don't need to fight the Fed
The sht show we all observing was created by the Fed stupidity
that moronic not QE repo was the most stupid thing ever done.
If they din't do that our market would be like Chinese maybe 15% off.
Instead Fed organized the most spectacular crash in history

And if you think they learnt something from their mistakes

 

[Cuddles]

LOL. You don't need to fight the Fed
The sht show we all observing was created by the Fed stupidity
that moronic not QE repo was the most stupid thing ever done.
If they din't do that our market would be like Chinese maybe 15% off.
Instead Fed organized the most spectacular crash in history

And if you think they learnt something from their mistakes

I still think Trump's holding something over Powell's head. Dude went from semi-firm to full wet toilet paper hands in record time