Important (at least to me!)... on @realmoney
A Classic Sell On The News?
* It might have been!
* My actions today were as extreme (going from large net long in exposure to small net short) as in any one trading session in several years
* More on "Group Stink"
The comfort of
A Classic Sell On The News?
* It might have been!
* My actions today were as extreme (going from large net long in exposure to small net short) as in any one trading session in several years
* More on "Group Stink"
The comfort of
the crowd, herd and consensus, as I noted in this morning's opening missive,"The Rip Your Face Apart Rally and Mother of All Short Squeezes Will Likely Continue - 'Get It While You Can'" realmoney.thestreet.com/dougs-daily-di… often produces the foul odor of "Group Stink."
" It takes nothing
" It takes nothing
to join the crowd. It takes everything to stand alone, and to buy when others are selling, and sell when others are buying."
I was struck by the near unanimity on FIN TV - with the DJIA exploding by over 1600 points this morning - that the market now has a "green light" to
I was struck by the near unanimity on FIN TV - with the DJIA exploding by over 1600 points this morning - that the market now has a "green light" to
head higher.
I didnt hear one skeptic or naysayer all day as traders and investors were intoxicated by the remarkable response to the vaccine.
Spyders traded -$10/share from the day's morning high and closed the day only +$4.40 higher while the QQQs were -$11 off of the
I didnt hear one skeptic or naysayer all day as traders and investors were intoxicated by the remarkable response to the vaccine.
Spyders traded -$10/share from the day's morning high and closed the day only +$4.40 higher while the QQQs were -$11 off of the
earlier high and closed -$6 from Friday's close.
I have often written that one must trade unemotionally - and today was a very good example of that credo.
There are a number of other important market tenets that have guided me over the years. 1 of the most important ones is
I have often written that one must trade unemotionally - and today was a very good example of that credo.
There are a number of other important market tenets that have guided me over the years. 1 of the most important ones is
"Bull Markets are borne out of bad news and Bear Markets are borne out of good news."
Equities bottomed in the third week of March when fear of Covid -19 was at the extreme and businesses closed down.
By contrast, stocks may have have made a 2020 top coincident with the great
Equities bottomed in the third week of March when fear of Covid -19 was at the extreme and businesses closed down.
By contrast, stocks may have have made a 2020 top coincident with the great
vaccine news announced early this morning.
For the first time in a long while the S&P (at this morning's height) traded at a near 20% premium to my calculus of "fair market value (3000-3100)."
Now, at the very least, it may be the time for corporate profits to grow into the
For the first time in a long while the S&P (at this morning's height) traded at a near 20% premium to my calculus of "fair market value (3000-3100)."
Now, at the very least, it may be the time for corporate profits to grow into the
nearly unprecedented rise in prices and valuation since the March lows 1350 S&P handles ago.
Much more early Tuesday morning. $SPY $QQQ @WilfredFrost @jimcramer @saraeisen @tomkeene @business @SquawkCNBC @cnbcfastmoney @riskreversal @ScottWapnerCNBC @terranovajoe @guyadami
Much more early Tuesday morning. $SPY $QQQ @WilfredFrost @jimcramer @saraeisen @tomkeene @business @SquawkCNBC @cnbcfastmoney @riskreversal @ScottWapnerCNBC @terranovajoe @guyadami
@Sarge986 @lizclaman @carlquintanilla @davidfaber @realdonaldtrump @michaelsantoli @melissalee @threadreaderapp unroll
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