Congratulations to all of those who had the eternal fortitude to hold tight during that two day bear raid. As you can see, the Dow is +400, NASDAQ +200, and it’s all over now. The misery and the pain of being in anguish has dissipated and replaced with an acute sense of greed.
I had been long inverse ETF products — and luckily got out with my account at breakeven for the day — thanks to various longs.
The results so far.
SDC +6.4%
(SQQQ -2.7%) x2
FNGD -3.8%
I am now in the process of fishing in the sewer for runners. I’ve seen this sort of tape before and it’s trickery is permitting you to believe it cannot last. WRONG. It shall last the entire day. Anyone who bets against it gets shot.
Breadth is steadily unticking from 55% to 67% and you should expect a slow melt up throughout the day, pressing the faces of shorts onto a very hot griddle.
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A 2020 study found people were 36% more likely to get some form of coronavirus infection if they had been vaccinated against influenza (got the annual flu shot)
https://articles.mercola.com/sites/articles/archive/2020/09/08/will-the-flu-shot-help-with-coronavirus.aspx?cid_source=dnl&cid_medium=email&cid_content=art1HL&cid=20200908Z1&mid=DM647787&rid=959746880
I did my own small examination and found the same thing to be true. Very small sample size but I asked 5 people who either had Covid or knew someone who had it and all 5 had gotten the flu shot. One of the 5 had it in late 2018. The rest were late 2019.
Gratz
No way we have bottomed.
Bounce in FANG stocks but tick is going down in everything else after the open.
Besides we will have bottomed only after “the end of the world” remarks start showing up in this here comment section.
Go play tennis.
Turn around Weds BELIEVE!