maybe today's giant tech rally will keep the troubled hedge funds alive for another day and not force them to keep liquidating portfolios. That would help stop the general carnage.
looks like the tech bounce will continue at the open...I'm seeing 1-2% jump for tech shares pre-market.
Which, if it happens, would be something like an astonishing 10% jump over yesterday's lows. yesterday's lows.
And you can still buy at an elevated VIX: 29.
10% in c24 hours in a diversified tech fund like VGT. Ho'smokes. Just an amazing stat whether it's bullish or bearish. I read somewhere that during the tech crash that sort of thing happened but did not signify the end of the tech bear market.
One of the Fed's favorite inflation metrics, the U.S. personal consumption expenditures deflator, rose to a new post-1982 high of 6.1% year over year in January. pic.twitter.com/bLbU8xLvpv
This stuff blows me away. How moody and emotional the market is. I mean the actual value of businesses is unch but the market thinks the value of businesses went up 6-9% in 24 hours. Geez.
JPM's analyst thinks the war won't change SP500 earnings materially.
I wholly recognize that this could be a bear market rally OR the end of the correction. No way to know.
looks like the tech bounce will continue at the open...I'm seeing 1-2% jump for tech shares pre-market.
Which, if it happens, would be something like an astonishing 10% jump over yesterday's lows. yesterday's lows.
And you can still buy at an elevated VIX: 29.
10% in c24 hours in a diversified tech fund like VGT. Ho'smokes. Just an amazing stat whether it's bullish or bearish. I read somewhere that during the tech crash that sort of thing happened but did not signify the end of the tech bear market.
The last 21 times Nasdaq had an intraday reversal of +5% happened during brutal bear markets. pic.twitter.com/SkjGwUD6NH
I'll probably take some trading profits at the close - this is a lot of short covering that wont last. and who knows what will happen over the weekend.
VIX is 28 - very high but not screaming buy anymore.
you know the market makers will hold down the open under normal circumstances, unless there is just too big a wave calling a bottom. Then with the weaker hands shook out, we see some massive buying, in the morning, In any case, higher by the end of the week. My best guess, fwiw.
Agip, I told you so. I posted this before the night before the markets opened at the beginning of the week.
you know the market makers will hold down the open under normal circumstances, unless there is just too big a wave calling a bottom. Then with the weaker hands shook out, we see some massive buying, in the morning, In any case, higher by the end of the week. My best guess, fwiw.
Agip, I told you so. I posted this before the night before the markets opened at the beginning of the week.
let's hope the trend continues.
what a week.
nice call.
Looks like the SPX is virtually unchanged on the week, after all that crashy spiky stuff.
And only down 3% over the last 6 months.
This week was a classic. Two classics worked out perfectly: Buy when VIX spikes over 35 and buy when you hear the sound of cannons.
Probably a similar adventure next week. this only postponed some hedge fund blowups that will hurt the markets.