Wrong again HC.....
Feds have this market where it is fair value.They have unlimited monies to support ETFs through funding for hedge funds.They did it in 2008 with Q easing in stages.Same funding,just more.But more now pay into the market with IRA monies etc....
Stock market does forward thinking.Losses are factored in. Tons of cash on the sidelines and every dip gets bought up.Just a fact. Notice where we are with the markets??
GS and others short every single sector.FAANG has their hands tied as that is a parking lot for hedge funds,gurus,deep pockets.Shorts have shorted oil,steel,banks,motels,airlines,etc....HEALTH care sectors have been shorted for years,and years and worst performers.
SO with your henny penny covid virus nonsense I guess there is just no way there is money to be made or a breakout in the biotech,device makers,etc sectors and indexes. You want news...just listen to the breakouts and top leaders all next week in those beaten down sectors.
We rise Monday and beyond slowly....but rise..The way I see it you have a choice to get back in asap premarket or watch with your buddy.
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