/biz/ - Business & Finance

>>18463241
Everything today. The part of 1 cent per share earnings for WFC and JPM's own struggle not scaring people. How Fauci said May reopening is overly optimistic. How JPM CEO said we won't reopen in May, like June, July, or even August. Oil dipping below 20. Gold ATM. Future earnings projected to be just as bad for all companies coming up. Q2 being INFINITELY worse than Q1 already is. Goldman Sachs saying we are looking at a coming recession 4x worse than 2008/9, and unemployment well be WORSE than the great depression. It is an open secret like half of everything will be gone and out of business in coming months, not every business will be saved yet all rise.

All of this today. The talking heads of investing gave up justifying even, now everyone is saying "fundamentals don't exist in this market, so just go with momentum and pray." I have never seen more negative news in one day about our economic outlook, and you are telling me NASDAQ is back to normal and S&P might be at this rate by EOW? This is deeply, disturbingly wrong and if you aren't a bear then idk what to say. We had our rally, it has to be near its end.

>>18309244
Why would Warren Buffet dump Delta then. Whether you like it or not, the market follows momentum and he set momentum. There already was going to be a rally Monday to short squeeze due to the recent positive news, but this set the trend in stone.

The real state of affairs have nothing to do with market performance right now. It doesn't matter if corona is a nothingburger right now or if it will kill us all. The market isn't rational that way, it only cares about making a profit. Why keep going up when things are bad enough to get away with selling and shorting after a high that convinces others to sell too? Why run it up when you can make profits right now running up and down? It will take a lot of time for the markets to straight bull run again, don't think rationally. Think in terms of what makes the most profit by fucking the most people. That is how the jew do.