That looks like manipulation to me.
I'm just saying, so many businesses, are in trouble, shutting down--or laying off--almost every single one. Where are all those workers going? Nobody's going to be buying anything except food and gas. But the Dow is at 8000? Huh? That does not reflect reality.
It reminds me of the tech crash. JDSU went as high as 160. Then it went down to about 100, then 80, then 6o's. I got out of some underwater puts I'd sold at 100, and closed the position, when Teresa Lo looked at the chart in an online session and said it was all air below, and I realized, yeah, she's right it's all air below.
JDSU eventually went down into the 30's and then down to what, 3 or something? I don't remember but I think this market should price in reality. In fact, I don't know how to trade this market as it looks either propped up to me, or irrationally blind. |
