/biz/ - Business & Finance

My thesis is that this recession was purely too predictable. There have been way too many people on the short side, creating constant short squeezes and support for the comparatively smaller amount of perma bulls still funneling money into the market. And then there is the Fed, who took immediate and significant action to boost things and reverse trend as well. It's absurd because it's fairly unprecedented. Who knows when it will run out of steam.

I knew I was being an idiot when I was buying puts along with the entirety of WSB and /smg/, but there was no way the company's I shorted could go anywhere but down with their outlook, right? Jumping on a hype train with 70% of the public is rarely a profitable move, this market will throttle all of the shorts before deciding where to go next

>There are newfags ITT who still believe we're anywhere close to the end of the bear trend

We have merely erased the past 1.5 years of unwarranted pumping. The market grows on the presumption of greater growth in the future, when the economy STAGNATES, much less CONTRACTS, it pulls back. This is a bona fide crash and we will not be done until we're 50% from ATHs.

Catch some of the short squeeze pumps if you'd like but overall we're heading to SPY $200.