jbeck3487 said:

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The NFL Draft. Trust me, I have friends that won some money last night.

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Degenerates. They should trade options.

Quick note from resident bear.

Something people should consider for mid-term positions is SPY PE. Forward PE is going to be nearly at, or could be above DotCom bubble levels. Regardless of whether or not you believe that narrative, and instead believe the economic rebound will be swift, we will certainly remain well below 2019 consumption levels throughout 2020 and likely into 2021 globally.

IMO we are set up, at a minimum for a multi-year extension of the faux 'bear' market, or sideways market action that we have seen since 2018.

fightintxag13 said:

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claym711 said:

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Quick note from resident bear.

Something people should consider for mid-term positions is SPY PE. Forward PE is going to be nearly at, or could be above DotCom bubble levels. Regardless of whether or not you believe that narrative, and instead believe the economic rebound will be swift, we will certainly remain well below 2019 consumption levels throughout 2020 and likely into 2021 globally.

IMO we are set up, at a minimum for a multi-year extension of the faux 'bear' market, or sideways market action that we have seen since 2018.

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I'm with you on the long term bear. Just like several have already said, lot of FOMO plus the Fed propping up the market right now, but the rug will get pulled.

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The very nature of stock markets is investing. Taking the contrarian side is extremely profitable during periods of volatility, but recognize that they happen with sudden ferocity, over sell and rest the bar on valuations. They also shake all but hard core long term holders out which creates its own stability. If you didn't sell AAPL at $230 you certainly aren't going to sell it at $260, $250 and would likely be adding at $220, $210.

Therefore, while there certainly will be volatility ahead take a look at the following 5 year chart and realize there is never been such thing as a long term top to bottom downtrend. Look at the volume on this most recent selloff. If the world ends then, sure, we might have the 1st time in the history of markets where that pattern didn't signal the end of the lowest lows you're gonna get on most stocks. But you're going against all history to the contrary.

I'm going to say this so in fact the opposite will happen.

No movement on spy, no money to be made. Boring boring boring. I think I'll go inject some lysol now. Bye.