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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: kimberley who wrote (59467)	2/27/2020 6:12:33 PM
From: benwood	Read Replies (2) \| Respond to of 60918

I thought the mania in Tesla stock was a harbinger. I still remember my brother in law wondering if he should hold out for 700, after he was up 3x or 4x in a few months, and it was at 680. The next day it was over 800! Last week, he observed (after the fall from 968 or so) that it was holding steady or so at 800 ish. I told him I though it might hit 900 before dropping back hundreds (classic B wave bounce). I thought it would take a couple weeks at least, but everything seems to be in hyperdrive. 679 tonight, after rebounding to 937ish just 6 trading sessions back. Look at leveraged SOXL -- 320 to 191 in just 5 trading sessions. I thought I was seriously slow dumping my JNUG at 92-94, and now it's at 65. And I sold it just a couple days ago! At least I punted it. According to Chief's forum, tail wind coming up for stocks, but maybe not until Monday? I forget the exact dates. Wildcard is the unknown of the virus... And Breeze posted a 1987 chart, for a reminder. As you can see from the chart, there was an 8% or so rally after the initial 'correction' and then the real bloodshed began. If that repeats, as SwampDogg keeps saying, then the tailwind would come at the right time to lure regular folk back in with an all clear, then the rug gets pulled in a few weeks. Or days, in our era of hyper everything.