BUYERS - Who the heck are the Buyers? I know this is a
fundamental question, in a technical forum, but... who the heck are
all the buyers when the news and outlook is horrific. I just
do not understand. Any insights from anybody?
Markets recover way before good news starts coming out.
Look at the 2008 recovery. market bottomed 6 months
before the good news starting flowing in. Now I think people
are getting a little giddy in that we have a "V" shaped recovery
here, it is a possibility but the headwinds look a little too
strong yet for me to think that a real bottom has been put in, I
personally would like to see a retest or a little lower to feel
more confident. It is the markets job to try and fool
everyone. That is why I use trailing stops and money
management is the key to surviving the draw downs.
Tom Bowden of Earnings beat once said that when you have big
drops in the morning but buying it during the day it's generally
institutional buying. One theory
Although it seems the worse the #, the thinking is Wall street
will get a bigger bail out, and so the markets go up.
Earnings will be the real nut kicker.
I'm wondering whether crappy earnings and likely crappier
guidance isn't already baked in? Everyone knows the quarter
and likely the year won't be good. Anyway, I can celebrate
today that it's April 15th but I don't have to file taxes
today!
Posted by retirefire on 15th of Apr 2020 at 02:39 pm
Just very general speaking with lay people I know, they never
sold to begin with. They think the FED and govt have the markets
back. V- shape recovery mentality. People buying airlines or
whatever news says will get bailed out.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
BUYERS - Who the heck
Posted by Walt on 15th of Apr 2020 at 02:36 pm
BUYERS - Who the heck are the Buyers? I know this is a fundamental question, in a technical forum, but... who the heck are all the buyers when the news and outlook is horrific. I just do not understand. Any insights from anybody?
Markets recover way before good
Posted by ssaffer on 15th of Apr 2020 at 02:55 pm
Markets recover way before good news starts coming out. Look at the 2008 recovery. market bottomed 6 months before the good news starting flowing in. Now I think people are getting a little giddy in that we have a "V" shaped recovery here, it is a possibility but the headwinds look a little too strong yet for me to think that a real bottom has been put in, I personally would like to see a retest or a little lower to feel more confident. It is the markets job to try and fool everyone. That is why I use trailing stops and money management is the key to surviving the draw downs.
Tom Bowden of Earnings beat
Posted by tgo5043 on 15th of Apr 2020 at 02:40 pm
Tom Bowden of Earnings beat once said that when you have big drops in the morning but buying it during the day it's generally institutional buying. One theory
Weekly unemployment numbers coming out
Posted by under80 on 15th of Apr 2020 at 02:49 pm
Weekly unemployment numbers coming out tomorrow maybe a really bad number will bring more sellers out
Although it seems the worse
Posted by ssaffer on 15th of Apr 2020 at 02:58 pm
Although it seems the worse the #, the thinking is Wall street will get a bigger bail out, and so the markets go up. Earnings will be the real nut kicker.
I'm wondering whether crappy earnings
Posted by 24kau on 15th of Apr 2020 at 03:12 pm
I'm wondering whether crappy earnings and likely crappier guidance isn't already baked in? Everyone knows the quarter and likely the year won't be good. Anyway, I can celebrate today that it's April 15th but I don't have to file taxes today!
It was a $10 reversal
Posted by profmel on 15th of Apr 2020 at 02:55 pm
It was a $10 reversal in BA accounting for the whole bounce. But man, Steve & Matt caught all those SPX trades like a champ!
Just very general speaking with
Posted by retirefire on 15th of Apr 2020 at 02:39 pm
Just very general speaking with lay people I know, they never sold to begin with. They think the FED and govt have the markets back. V- shape recovery mentality. People buying airlines or whatever news says will get bailed out.