Posted by paperplane > 2020-06-28 11:45 | Report Abuse

ut what may be the single most beneficial aspect of the recent Fed-fueled ramp which saw the central bank inject or backstop nearly $8 trillion (and counting), is that technical analysis has finally been thrown out of the window, and "by now, everyone’s aware there’s no moment of the past that can be used as a template to tell which way stocks will lurch next."

Posted by paperplane > 2020-06-28 11:47 | Report Abuse

ALL technical analysis failed

Posted by paperplane > 2020-06-28 11:48 | Report Abuse

Just days before the March 23 bottom, Ramsey cautioned clients that it was “too early” to expect a major bear market trough, as a phase would come when stocks and economic data fell in tandem. A study by the firm showed that on average, over 11 past recessions, stocks didn’t start to recover until 1 1/2 years after the economy started contracting. Little did he know that on March 23 the Fed would toss all the playbooks, and go so far as to break the law by creating a SPV in collaboration with the Treasury that would allow it to buy corporate bonds... a similar approach that will soon give it the ability to buy stocks after the next crash.

It wasn't just Leuthold: Barclays strategists mapped out a scenario where an extended recession could lead to a 50% peak-to-trough selloff. The farthest the S&P 500 ever fell was 34%. Goldman was expecting a second wave of selling to push the S&P below 2,000. Northern Trust Wealth Management pointed out that it typically takes about 1 1/2 years to recover from a 20% drop. Instead, the S&P 500 rose 40% in 50 days, the fastest rebound in nine decades. Anyone who tried to use 2008 as a road-map was badly burned.

Posted by Coffin Dance > 2020-06-28 17:12 | Report Abuse

this round, most of the retailers will si kiao kiao

Posted by calvintaneng > 2020-06-28 23:35 | Report Abuse

Only one thing will determine stock market direction for now

The Federal Reserve Printing Press
As controlled by Donald Trump and Jerome Powell

They promised Unlimited QE or money printing

Let's see if they will keep on printing Unlimited amount of US Dollars

Posted by supersaiyan3 > 2020-06-28 23:39 | Report Abuse

As reality kicks in stock market won't do well. But there are still some safe haven to invest.

Posted by calvintaneng > 2020-06-28 23:39 | Report Abuse

And do you know the meaning of "unlimited?"

It simply mean what it means

No limit

Usd5 trillions ?

Usd50 trillions

Usd500 trillions

Usd5 zillions

Usd50 zillions

Usd500 zillions

No limit yet?

Posted by Coffin Dance > 2020-06-28 23:43 | Report Abuse

USD = hell notes / Japanese banana notes

Bitcoin will rockets, wakakaka

Posted by calvintaneng > 2020-06-28 23:44 | Report Abuse

Anyone got see a 1 trillion dollars Zimbabwe note?

Posted by paperplane > 2020-06-29 11:44 | Report Abuse

V shape recovery for stock, BUT L-SHAPE seems for Economy. TOTALLY disintegrated

Posted by paperplane > 2020-06-29 17:29 | Report Abuse

whoever still believe economy sharp recovery is also stupid.

Mathematically it doesn't work the same.
Eg. lose of 50% in stock, you need 100% to make back similar level.
Take GDP, sharp drop -4% this year, even a recover of 4% doesnt equal, and many doesn't understand this........

Posted by smallkid91 > 2020-06-30 11:47 | Report Abuse

Paperplane stocks can't go down much more because there's no lack of capital. No margin calls after the march selloffs.

Now question is where are the capitals going :X