The New CS Board

[dmorse]

The other thing this rally had was the mother of all bad news already built in. There was very little that would've surprised the markets... 6+ million weekly unemployment claims, market says I already knew that was coming... low earnings from any company, market says I already knew that was coming... businesses completely shutdown for a while, market says I already knew that was coming. It had to have one of the worst expectations built into the market of all time because it fooled all the experts too. The only potential was for positive surprises as things reopened and potential vaccines were announced. I kept telling myself all of this while I was trying to nibble at shorts because I didn't believe it myself.

At some point, maybe too much good news is priced in and we go back to a point where bad news scares the market. Not sure how long until we get there as this is pure euphoria at this point.