AA- If equity markets open Friday, I only see one scenario....and I think everyone else sees it too:
We get a big dip, of course, and at some point, we rally hard, and at a minimum, we close flat, and likely nicely positive.
I just can't fanthom that the powers that be will let the market finish -5% or even -3% on Friday....going into a weekend....psychologically, it would be too scary for the market(s) to be down big......if there was ever a case for the PPT, now it is...and everyone knows it.
Also, I can't imagine shorts and put holders, not covering....knowing the danger of short-term up to their positions...
Additionally, some believe that we go up into options ex, due to large amount out there in whose interest the market(s) needs to go up.
Finally, we will get some, who believe they are being patriotic, and will not sell into the morning down....as well, the history of big up after down (on calamatous) events is getting around, and even though the bear's been flexing muscle lately, I think many will buy looking for a pop.
I can't see any other scenario here, even though everyone knows it...I am thinking on going long, and early...Of course, I am talking primarily if the markets open FRIDAY....if we don't open until Monday, I think we'll still get a recovery rally on Monday, but the urgency won't be as great (to finish positive), and we may indeed not.. |
