Its also the fact that for some industries lost revenue cant be made up by "selling more". Only so many seats on a boat or plane. Travel and restaurants are the big two.I said this months ago to a certain "all-in" someone. The debt taken on and share dillution needed to be better priced in. We are getting that as reality sets in.
I try not to place logic on a market undergoing transitory hyperinflation.Market seems to be getting a touch ahead of itself. Be careful buying anything up here. This is a hell of a big move over the last 5 trading days without any kind of pullback. Still quite a bit of uncertainty out there and Fed was just talking about a 50bp move yesterday.
Completely detached from reality.
Everyone is absolutely shocked while bulls are euphoric.
I'm so fucking red it's ridiculous. I can't imagine those who bought puts the past week.
I'm still holding sqqq from Thursdays close, the longer we stay elevated at 352 area on the q's the worse my outlook is...
352 was rejected twice yesterday and once in premarket, bulls are very determined.
Oh, nice, I think I'm down less than 50% on PLTR now!I am now down LESS THAN 40% on PYPL.
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But thats like 3,000,000 rubles.Ill be fine, $300 down is like 30 krono.
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This might sound crazy to folks like you,Anyone have an excuse for this other than purposefully squeezing shorts?
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This mornings open looks intentionally scary so people buy puts and then get absolutely wrecked.
Its catching its breath. its up like 30% in 7 trading days.NASDAQ up 1.5% and Nvidia up 0. Wtf is this shit?