Why I remain BEARish despite fed pump April 9th

[Amun Ra]

I'm still flabbergasted that many traders in here think we're still going down. Going against trading 101.

The trend is your friend.

Don't fight the fed.

Buy when others are fearful, sell when others are greedy.

Dow is up 5k in the last 3 weeks. The trend is up. The fed has the printing press running at full speed and people are scared about their 401ks.

I'm betting by July, we hit new record highs in the market. Dow 30k at least by then. This will be a fast recovery.

 

[themickey]

.....I'm betting by July, we hit new record highs in the market. Dow 30k at least by then. This will be a fast recovery.

 

[Overnight]

...

I'm betting by July, we hit new record highs in the market. Dow 30k at least by then. This will be a fast recovery.

NO

The elephant in the room is earnings through Q2. And there's another NASTY, NASTY elephant in the room nobody has considered...Now that Americans are on the dole and safe for three months, they simply will be LAZY in trying to get back to work. The thought of July going back to ATH is premature in my mind.

 

[themickey]

...they simply will be LAZY in trying to get back to work. The thought of July going back to ATH is premature in my mind.

Agree!
Here in WA it's like a holiday, balmy weather, everyone chilling out, water loaded with people fishing, they're not going to want to go back into a stuffy office or sweathouse factory.

 

[KCalhoun]

NO

The elephant in the room is earnings through Q2. And there's another NASTY, NASTY elephant in the room nobody has considered...Now that Americans are on the dole and safe for three months, they simply will be LAZY in trying to get back to work. The thought of July going back to ATH is premature in my mind.

Right re Q2 earnings are gonna suck eggs plus many permanent job losses that aren't coming back soon.

Millions unemployed are going to early withdraw money from retirement accounts, SELLING Stocks to pay living expenses.

T/a S&P bounce near upside mean reversion exhaustion here

Depression coming bc consumer confidence is shot and less discretionary spending... causing downward spiral.

Fed can temporarily fluff the market short term but how can it not crash? Who tf in their right minds is investing in this market, given historic negatives? Seriously

 

[greeneveryday]

I think the earnings don't matter anymore. We all know the numbers will be horrible....So what? That's why the drop over 10K points in dow jones was there to justify it.

We will see in a few weeks how things play out. Again, fundamentally don't really until it does. At least for now, it doesn't.

I might switch to bear mode when it is time...For now, chart points up like an erected dick....And if you bet against it, that dick will stick into ur ass...Immediately.

 

[zghorner]

Why I remain BEARish despite fed pump April 9th

Because you are bag holding positions that will benefit from another leg down, be honest man.

PS. Me too.

 

[zghorner]

NO

The elephant in the room is earnings through Q2. And there's another NASTY, NASTY elephant in the room nobody has considered...Now that Americans are on the dole and safe for three months, they simply will be LAZY in trying to get back to work. The thought of July going back to ATH is premature in my mind.

Earnings will be released and be shitty and the market will rally +5% because "worse was already priced in". Honestly its bullshit and doesn't make sense but after seeing what happened with unemployment #s how could one be surprised if the same happens with earnings?

 

[dozu888]

NO

The elephant in the room is earnings through Q2. And there's another NASTY, NASTY elephant in the room nobody has considered...Now that Americans are on the dole and safe for three months, they simply will be LAZY in trying to get back to work. The thought of July going back to ATH is premature in my mind.

you ARE an idiot, haven't learnt a thing after that phone call.... sigh sigh sigh.

 

[S2007S]

This should knock down markets 3% Monday but I'm almost positive the fed will come in and save it like they did after those downright nasty weekly job numbers Thursday where once again the unemployment number surged well past all estimates ...

Like I said ifffff the economy is not opened may 1st, which it will NOT be, markets will need another free bailout as the fed will print additional trillions as the markets take another dive.


BUSINESS NEWS
Trump says he’s not going to reopen economy ‘until we know this country is going to be healthy’
PUBLISHED FRI, APR 10 20202:50 PM EDTUPDATED 2 HOURS AGO

Noah Higgins-Dunn@HIGGINSDUNN



https://www.cnbc.com/2020/04/10/tru...know-this-country-is-going-to-be-healthy.html