Whats with the mini crash today?

[dozu888]

There's a reason. Since the dow first broke 20k this bull rally has been fake. It's 100% propped up by cheap money and daddy fed, not value. It's unsustainable like running an engine on cheap fuel and pure nitrous and calling it a good car while patching up leaks once a quarter with dollar store gasket sealer.

define fake lol.... it looks fake only because you don't have anything lol.

and define value.... there is no absolute value... only relative... when the 10 year treasury p/e at 60 and SPY p/e at 20... 20 is GREAT value.

that's the whole point when I said 4 years ago we are running out of shares.

and we ARE.

 

[schizo]

Can't find anything in the news. What am I missing?

This is the reason why so many traders get crushed, especially when it comes to the bear market. They're always looking out for the reason why something happened. Pay attention to the price and forget about the news. The reasons you hear on the news are not the real reason. They're made-up BS. All hindsight rationalization.

 

[dozu888]

if you have not read my pro boys play book by now... you are not a trader... every dip is a buy, every non-dip is a buy.. every day is a buy.

they already took their gloves off, and the dumb money is still asleep lol.

them corporations central banks are scooping up everything.... along the way they hire pro traders to 'work the orders'.... this shake is the work, to get the optimal VWAP.

lol folks I don't blame you... you are all blind, just like all the sheep out there.

 

[TommyR]

What is factorial? Gamma is possible

factors like momentum or value i mean and rotations thereof. i'm unconvinced. i consider it the tip of the iceberg.

 

[schizo]

if you have not read my pro boys play book by now... you are not a trader... every dip is a buy, every non-dip is a buy.. every day is a buy.

they already took their gloves off, and the dumb money is still asleep lol.

them corporations central banks are scooping up everything.... along the way they hire pro traders to 'work the orders'.... this shake is the work, to get the optimal VWAP.

lol folks I don't blame you... you are all blind, just like all the sheep out there.

You know who you remind me of? Henry Blodget. If you don't know who he is, go look him up.

 

[p0box4]

if you have not read my pro boys play book by now... you are not a trader... every dip is a buy, every non-dip is a buy.. every day is a buy.

they already took their gloves off, and the dumb money is still asleep lol.

them corporations central banks are scooping up everything.... along the way they hire pro traders to 'work the orders'.... this shake is the work, to get the optimal VWAP.

lol folks I don't blame you... you are all blind, just like all the sheep out there.

It must be such a nice feeling, making millions every day with your pro boys.

Oh .. wait .. this is ET.

 

[speedo]

You know who you remind me of? Henry Blodget. If you don't know who he is, go look him up.

Henry now emits his gaseous emissions through his online publication...Business Insider.

 

[jys78]

This is the reason why so many traders get crushed, especially when it comes to the bear market. They're always looking out for the reason why something happened. Pay attention to the price and forget about the news. The reasons you hear on the news are not the real reason. They're made-up BS. All hindsight rationalization.

Real talk here.

 

[TommyR]

you should be aware that the gamma function is an analytic continuation of the factorial function. that is a fact.

 

[Cuddles]

Too early. I'd expect July-Aug when election volatility kicks into high gear.

I didn't see a mini-crash. 250 point fall on the DOW is pennies so I didn't even think about it. Less than a 1% fall.

https://www.bloomberg.com/news/arti...ides-s-p-500-climbs-markets-wrap?srnd=premium

https://www.marketwatch.com/story/d...tside-of-china-rises-2020-02-20?mod=home-page

https://www.wsj.com/articles/global...n-cloudy-outlook-11582193972?mod=hp_lead_pos2


Seems the market is finally pricing in a semi-long term battle with Coronavirus now that China is being slightly more forthcoming with their data. 72,000 infected and rising last I checked. I'm surprised commodities are acting so tame given China has been turning down nat gas and oil for the last few weeks. Approximately two months off to the next set of earnings so I'm sure this is also profit taking and risk removal anticipating terrible earnings for this quarter (as I've been saying).



There's a reason. Since the dow first broke 20k this bull rally has been fake. It's 100% propped up by cheap money and daddy fed, not value. It's unsustainable like running an engine on cheap fuel and pure nitrous and calling it a good car while patching up leaks once a quarter with dollar store gasket sealer.

Mostly vested in QQQ & tech so felt it a little harder. Wuhan's numbers today were on pace with yesterday's (in other words, no 15 k surprise like a few days ago). Honestly it smells like one of those days when somebody knew something and we only get to find out several hours later.

This is the reason why so many traders get crushed, especially when it comes to the bear market. They're always looking out for the reason why something happened. Pay attention to the price and forget about the news. The reasons you hear on the news are not the real reason. They're made-up BS. All hindsight rationalization.

Ok, the news don't move markets then. Only really noticed as it triggered my stop minutes after buying in on a rally.