todays rally in the DOW JONES , from the lows of the last few days is quickly fading...the sucker rally brought in a new lot of bottom fishers, only to see the gains quickly fade... Wall street is slowly dying, as the list of stocks that made new lows yesterday is ominous..some of the biggest names have made new lows...the main reason for the free commission trading has been to bring in more volume, as the millennials are not investing in stocks...they do not buy insurance, and even milk consumption among that age group has dropped 40%..one milk company filed for bk a few weeks ago, as with mall closings, etc...now, just yesterday, a post appeared on the board that JP Morgan is making an appearance at the FED discount window for funds, after having issued billions in new fund offerings that Royal has been posting for months now...the quest for money by these banks is voracious...whats coming down in the future?...aside from this virus scare motivating these lows in the indexes, wall street has had its binge for 11 years now with cheap money... is the best over, or the worst yet to come...really, the only stocks moving are the FAANG stocks and a few others, but this could be MM instilling a short squeeze on the shorters...when the last of the shorts have covered, will there be buyers for these stocks at the highs...look at coop, for instance... a posted high earnings for the full year 2019 of over 4 dollars per share, with a book value of 22 dollars, and the MM are short well over 5 million shares, and yet the stock stagnates at a P/E of about 3.5...with little, or no dividends from stocks on wall street, investors will be hard to find to hold stocks in a downturn...disclosure:...I am long coop stock, but selling calls and puts to bring in capital for my account, and waiting for some resolution from the bk closure on my escrows... good luck, and "watch your six here"...Goldman Saks has called for a huge correction, even before the virus scars.... Lodas
