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To: Rarebird who wrote (111844)4/3/2020 11:24:17 AM
From: Rarebird  Respond to of 116759
 
IWM grossly underperforming SPX over the past 3
sessions. Doesn't bode well for the continuation of the bear market rally, to say the least . In fact, it lends some credence to the fact that another leg down lower may begin shortly.



To: Rarebird who wrote (111844)4/3/2020 11:37:32 AM
From: Lou Weed  Read Replies (2) | Respond to of 116759
 
Took a position in SPXS - this is crazy. 6.6M job losses just this past week and the DOW goes up 469. Not sustainable given the torrent of really bad earnings/guidance numbers coming in the near future.....



To: Rarebird who wrote (111844)4/3/2020 1:36:27 PM
From: Real Man  Read Replies (3) | Respond to of 116759
 
Spx is manipulated. Basically, manipulation will survive anything but a complete systemic meltdown. The latter is possible, and even somewhat likely, but I am not willing to bet on it just yet. I am more inclined toward a hyperinflation scenario. The Fed has shown they will do anything to prop SPX including buying it directly. Therefore I am looking to take a long position. 1800 Spx and I start scaling in. This is a pandemic recession. Things will get back to a bull again after it is over. You can start with gold related beaten down equities, followed by international stocks and Spx.

I don’t see this Congress, this President, or even the Democratic nominee do anything at all to bring back free market and price discovery. If we got Sanders or Warren, then maybe, but they are out.