/biz/ - Business & Finance

>>18329470
There are no good news /as a whole/ at the moment, every instance of positive news is just focusing on individual efforts against the virus as a whole to distract from the fact that 10 million people literally got laid off and rising in the US. Anything and everything else is being used as an excuse to help keep the algos propped up, be it from cutting oil production to getting past the peak. But at this point, it's just burying one's head in the sand and swearing nothing bad is happening while the stocks pump and dump on its own accord, oblivious to the fact that the bubble got popped.

In short, yes, the market is doing great now as it's been given cocaine and hard drugs to get the party up and running again. But until VIX goes near 20 again, there will never be a bull market, only rallies, and the stimulus done to prop the economy up is going to create fallout well into the foreseeable future. The DOW is still down 7k from its peak and that 1600 point swings are possibly the worst thing you can see because it's purely decoupled from any sense of reality.

Being a permabear or a permabull is fucking stupid. Do your research, invest wisely, and follow short-term patterns, not trends. Sticking to one camp and only doing calls or puts is stupidity in a volatile, manipulated economy. I gained $5k today purely because I took note of the fact that we haven't had a red Monday open since the very beginning of the crash.