We were supposed to crash thru thr flood boards today, but it didn’t happen. Instead, traders from Robinhood, and like the true American heroes that they are, they levered up their little accounts, formed an alliance, and slew the bear. We’ve been trending up since morning, and I didn’t even need to worry for a minute.
I’ve been out all morning, but now I’m here. I sold BIOC for +20% and now I’m thinking about selling some of my other stocks, especially since markets have a weird way of COLLAPSING on days like this.
Decisions decisions. I cannot say which way I’ll go. But rest assured, le fly will be winning.
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Market is going down this week, definitely. Can only hold it up with lean 2s for so long until the final collapse begins. Been wrong twice so far on shorting the market since this V-shaped recovery, so this must mean the third time is the charm.
So if we keep going up it’s dumb money? Smart money must have really missed this rally.
Smart money sold at the top to start the crash. They weren’t expecting all the gambling addicts to open robinhood accounts when casinos closed down, and so they have missed out on the rally.
Didn’t buffet basically sell airlines near the lows? Smart money didn’t all sell at the top and it’s not just retail that has caused this rally. It’s not that simple.
https://www.forbes.com/sites/sergeiklebnikov/2020/06/12/no-the-market-is-not-rallying-because-of-robinhood-traders-barclays-says/#6588ab123fbb
I’m raising cash as they’re pushing this thing higher.
Sorry, but we’re not going to get a true bull market with retail investors. The big boys are going to shake these dimwits and run the margin calls on them, giving them an opportunity to accumulate shares and ride this thing higher.
Stop betting against America just because the president has syphilis and can’t move the right side of his body too good.
you really need to take an English 101 class.
Remember that institutional investors need days to accumulate shares, not intraday hours for retail traders.
Everybody looking at the wrong analog. This is 1998, no reason we won’t rally 100% off the march lows.
Right… 40% unemployment with 120% GDP days of 1998.
Lol beat me to it.
Irrational exuberance pal
Well, I went short quite a bit at the top of the hour. What the fuck do I know?
And the RTY sell orders are almost completely filled.
Closed out at 1399.
The more you want it down, the more it will go up. Until FOMO sets in and then it’ll go down.
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FED with its pedal to the metal is raising the voltage to push enough juice through the system to prevent the stall. But you lazy, scared fucks, douters keep dragging your feet.