fwiw,, as i type,, bitcoin is $6247,, now would be the time to start adding cash to coinbase,, dont buy any crypto,, the next set of bankers about to get wiped out as they get liquidated in the stock market. $2500 bitcoin would not surprise me. (4 firms i passively heard blew out,, normally i would be all over it with each one,, but decided my time is better spent staying focused on the overall game as there will be too many to keep up with in this soap opera
now the wallstreeters are calling a bottom (which means we are about to make a new low soon),, yet they failed to call a top,, and at least 4 restaurants are now saying they cant pay their rents,, LULU (lululemons yoga clothes) had very good earnings,, but they simply told the truth,, they have no idea what to expect going forward. their american stores are closed,, online is all they have now,, and 3.5mil people getting laid off this week isnt a bullish support argument to pay $188 for a stock that wont be able to beat earning for the next several quarters. this is true for nearly every stock,, stocks are to be priced on what their growth models are not what you can talk a newbie into paying for the stock. (p/e models,, the price of the stock / earnings)
rumor is wallstreet is going to push the market wednesday with $160b,, or end up being the eggman again,, chasing falling knives. wednesday is April 1,, start of a new quarter,, so technically they can do nothing Monday and Tuesday as they have nothing to gain.
the dow is 21637,, my charts imply 23800 is possible,, use the upswing to your advantage of course.
dividend pumpers sure blew each other out chasing 2% while losing 20% of the stock price,, reits and energy divy' hit some pretty high rates,, i saw 1 energy co had a 52% divy for a day or so.. they will have to cut their divy or flat out cancel the divy
everyone and their dog is pumping 'warren buffet' buy this or that,, his oxy @$58 is now $11,, if he buys anything,, it more than likely will be to backstop an insurance company- he does very well on those risk models.. with the virus,, the health insurance companies are going to overran with sick people.