Loading ...Ya we are getting a bounce now because the gamblers were getting too bearish and Trump is speaking tonight, but the decline is probably not over. The bureaucrats are thinking they are saving their economy (not ours) by lying to everybody, but unlike their other lies, this virus shit is outside of their ability to fix with simply controlling the narrative.
At some point they will need to come clean about the pandemic they are actually creating, at which point it should get really ugly. This could come soon as the quickening is accelerating into light speed now. This bounce in stocks could last longer than anybody thinks because the bureaucrats, with Trump in this grouping now cuz of his desire to get re-elected, will not want a really bad month end close.
We will have to see, because the momentum chasing hedge funds might not want to show excessive tech stock holdings at month end too.
An up Wednesday after a down Monday / Tuesday, is often part of a continuation pattern into week’s end, meaning we go back down again starting tomorrow. Lots of shorts will be covering here.
Buyer beware.
Cheers