twitter.com/BNODesk/status/1297377009438466050 >President Trump will hold a press conference at 6 p.m. ET on Sunday to discuss a "major therapeutic breakthrough" on coronavirus, according to the White House
The Golden Bull Run, Part 2: Option Tendency
Jack Campbell
expect the biggest /leftypol/ cope in history THE GOLDEN BULL RIDES AT THE 4AM DING ON MONDAY
THIS IS IT. OHHHHHHH BABY I CAN FEEL THE STAMPEDE, THE GOLDEN BULL RUN DONALD J. TRUMP IS ABOUT TO MAKE ME A MILLIONAIRE THE SALT, THE DEM SALT IS COMING AND IT TASTES GREAT.
BLOOMBERG: Bears Are Going Extinct in Stock Market’s $13 Trillion Rebound By Lu Wang August 21, 2020, 1:12 PM PDT
>Short sales drop to a 16-year low as covering help fuel gains
>One source of equity demand is depleted with S&P 500 at record
Skeptics are a dying breed in American equities. It’s another illustration of how risky it has become to doubt the resilience of the market’s $13 trillion surge since late March.
Going by the short positions of hedge funds, resistance to rising prices is the lowest in 16 years. Bears pulled out as buying surged among professional investors who were forced back into stocks despite a recession, stagnating profits and the prospect of a messy presidential election.
While perhaps logical given open-ended Federal Reserve support, rampant covering depletes at least one source of support for shares -- buying by speculators who sold them short. Virtually every constituency in the market has gotten more bullish as the S&P 500 surged 52% in five months. In the past 21 sessions, there hasn’t been a drop of 1%, the longest stretch since January.
“The repurchase of those short shares has been a factor which has contributed to the rally that we’ve enjoyed,” said Lawrence Creatura, a portfolio manager at PRSPCTV Capital LLC. “It will certainly be a weaker force going forward, because mathematically it’s just simply a smaller quantity of outstanding shares that are still short.”
The S&P 500 added 0.7% over five days, notching its fourth straight weekly gain. It exceeded the Feb. 19 record high on Tuesday to cap the fastest bear-market recovery in history. The Russell 2000 Index of smaller companies fell 1.6% while the Dow Jones Industrial Average was virtually flat. The Nasdaq 100 performed better, climbing 3.5%.
He's going to lose and it's going to be his own fault. I hate how far he has shifted the overton window to the far left with his socialist policies. Fuck this commie.
Steamrolled by a rally whose velocity is the strongest in decades, bears are giving up. At the start of August, the median S&P 500 stock had outstanding short interest equating to just 1.8% of market capitalization, the lowest level since at least 2004, data compiled by Goldman Sachs Group Inc. show. All major sectors except energy saw bearish bets sitting in the bottom decile over the last 15 years.
relates to Bears Are Going Extinct in Stock Market’s $13 Trillion Rebound For an example of why, look at Tesla Inc., the electric carmaker whose shares have surged almost 400% this year. At near 4.5% of total shares available for trading, its short interest has fallen to a record low, down from a high of 29% a year ago, according to IHS Markit data. Other examples where bears have been thwarted are Twilio Inc., Lumber Liquidators Holdings Inc. and Peloton Interactive Inc.
“It looks like all those fund managers over the past quarter went from being bearish and expecting a stock market crash to now bullish,” Shawn Cruz, senior market strategist at TD Ameritrade, said in an interview. “Sentiment’s turned positive about equities in general but also sentiment is turning positive for a return to growth.”
The tide is getting harder to fight with retail investors flocking to unprofitable companies such as Nikola Corp. and Moderna Inc. More money managers are forced to embrace the rally, ignoring this year’s profit contraction and banking on fiscal and monetary stimulus. At 26 times forecast earnings, the S&P 500 was trading at the highest multiple since the dot-com era.
>donald j. trump is about to make me rich When everything collapses and you cannot afford food because I loaf of bread costs $1000, remember you voted for a commie.
Anthony Torres
I want to put money on Apple, but I really don't see why it would go up.
People that want it, have it.
Broke ass Robbin niggers can buy fractional shares of Apple right now.
Fucking finally. Green line no longer has to pretend its tied to the economy anymore. Not a reflection of the economy or weirdly contorted prediction of "its future". Fuck you America. This green line is ours now.
Obviously, rallying stocks are bad for bears -- and that frequently pushes them out of the market at times that might be ripe for skepticism. Consider the internet frenzy 20 years ago. Back then, large speculators, mostly hedge funds, were net short on S&P 500 futures in all but five weeks in 1998 and 1999. Those mostly losing bets were completely squeezed out in 2000. That’s when the crash came.
The impact of short covering is particularly pronounced this time. A Goldman Sachs basket of the most-hated stocks has almost doubled since the market’s bottom in March, a gain that’s nearly twice as big as the S&P 500’s.
The recovery from 2020’s bear market has emboldened bulls among trend-following traders in particular, according to Charlie McElligott, a cross-asset strategist at Nomura Securities. The firm’s model that tracks commodity trading advisers, or CTAs, showed the group went “max short” on global equity futures on March 9 and has since seen $700 billion worth of short positions covered to now be net long.
After a five-month, uninterrupted rally, the market is starting to show signs of fatigue. While the S&P 500 rose in four of the past five days, none of the gains topped 0.5%.
“It felt more like a lack of desire to sell rather than enthusiasm to buy except for some select rotating pockets of the market that are still attracting speculators,” said Andrew Adams, a strategist at Saut Strategy. “We will just have to see if the S&P 500 hitting new highs wakes the market up and entices some new buyers to enter.”
— With assistance by Aoyon Ashraf, and Vildana Hajric
So to address the ignorance from the last thread... The Fed IS NOT printing dollars. They are creating TEMPORARY liquidity. They can do the reverse just as easily and as quickly if they EVER think that the extra liquidity is a problem. The USD is supported by the world's richest, the world's elite, the world's most intelligent, the world's most powerful country in the world, the most powerful military, global trade, etc. All working to MAKE SURE that it stays relevant. If you think the USD is going to somehow collapse, you're betting against the people that literally control the world. USA has a massive debt. It has an even more massive economy, and an even more massive growth potential. Taking out more debt as necessary is still profitable. Shrill doomsayers are just as silly as flatearthers and global warming sceptics. Stop parroting lines fed to you from crazy people on Youtube.
>he thinks the fed will EVER EVER be able to shrink it's balance sheet >he thinks the fed will EVER EVER raise interest rates How the fuck do people this stupid even exist?
>Stop parroting lines fed to you from crazy people on Youtube. Or, you know, actual millionaire investors, economists and researchers, but cope more.
>The Fed IS NOT printing dollars. They are creating TEMPORARY liquidity. If the bonds stay at the central bank, and the balance sheet never decreases (fed buys more bonds as the existing ones mature), then what's the difference between that and printing money? Everyone saw what happened last time they tried to reduce their balance sheet, the market fell by 20% in three months in 2018. They're not going to even suggest doing that again any time soon.
Ryder Wilson
Wasn't in last thread but I agree with this. I still think there will be another large and temporary dip this winter as a result of corona/lockdowns. If for no other reason than for the people you mentioned to increase their profit and control
John Mitchell
>The Fed IS NOT printing dollars When the Fed buys junk bonds that are likely to default and it does, they erase the entry from the ledger. Erasing a red account is the same as printing and the Fed has known this since 2009.
Isaiah Williams
>national socialists are the real communists
Big brain over here
Eli Jackson
short all tech DJT bouta win 2020 I just grinned for the first time in months, i can feel tears in my eyes... ...I'm not tired yet, Mr. President... I can go for one last ride... I hate magapede redditors but let's MAKE AMERICA GREAT AGAIN
A dollar collapse is a good thing because that would keep the US dollar relevant. It would also encourage borrowing in US dollars with the expectation that debts can be paid off with cheaper future dollars.
The worst thing that could happen to the US is actually uncontrollable dollar appreciation. Once we have runaway US dollar appreciation (like the Japanese Yen did in the 1990s), people will avoid borrowing in dollars and will opt to other currencies that have a healthy rate of inflation (or devaluing). In Japan's case, the effect was irreversible and their economy (and people) have stagnated since.
Fiat currencies are supposed to be devalued so debts are easily paid off. As long as someone in the world is willing to buy US treasuries (or lend), the dollar will remain as the king of currencies.
Cooper Foster
>>national socialists are the real communists They are lmao
>, none of the gains topped 0.5%. Yes an none of the dumps were large either. Volatility is down. And they paid the guy money to write this nonsense?
Bentley Price
You really don't realize how stupid those robinhood users are, do you? Some retard math in their brains makes them think that the stock actually becomes more affordable if they wait until after the split. I had a co worker tell me he was excited to buy cheapie tesla after the split and I spent like an hour explaining how the split works and how if he got in that day it was the equivilant to getting after the split. There are people on this board who think the day of record is relevant to retail trading. There are people who fucking baghold GNUS and SHIP. They are waiting right now bro. The number 500 scares them. They say stupid shit like "why would i buy 2 shares if I can have 8 next week?" Next Monday is going to be nuts and I hope you get in before it is too late
