Quote (Bazi @ Apr 20 2020 11:32pm)

So wtf happens with crude tomorrow ? Futures don’t know what to do

NK dude in hospital
Trump stops all immigration

Market gonna go up tomorrow tho right?

Quote (Thor123422 @ Apr 20 2020 11:51pm)

I've stopped having any idea what's going to happen in the short term. Long term the market will go up, but I don't think anybody really has a good idea of what's going to happen within 48 hours lol

Quote (Bazi @ Apr 21 2020 12:57am)

market is inflated to all hell right now and will pop in midterm. longterm years down the road sure it will go up but 2800 S&P is trading at 25x PE. normal is 15x...

-whether it's actual peak 2.0 for rest of country (not just NY or MI)
-whether it's no 3rd/4th quarter GDP rebound that's priced in
-whether it's the upcoming 30mill jobs that aren't coming back with a snap

etc

Quote

You have names like Apple, Msft, Google, etc that are barely off their all time highs. Personally i think a good portion of these companies will get hit, and they'll get smacked maybe not this earnings season but Q2. When they do you'll have the indexes rolling over. I don't think sub 200 is realistic for SPY but 230-250 is a real possibility.

I would be careful with owning some of these names that barely moved to the downside.

Quote (ofthevoid @ Apr 21 2020 10:32am)

Big tech finally rolling over, with it the indexes.



Feels good being right, would feel much better if i actually put my money where my mouth is.