If you're a day-trader or swing trader (holding for a matter of days or weeks) and buying the $SPY here at $280 (or $IWM at 124), can you explain to me why? There's so much euphoria all over the place I don't understand (see: CNBC on Thursday) given what's happening on Main Street and the LONG road ahead. I get the power of what the fed has done, but why would people would expect it to move higher in the next couple weeks is confusing to me...
I'm pretty well-educated and am a pretty strong bear at this point, but would like a highly-educated trader to help me understand the bull thesis at these levels where the market is trading higher than May 2019, when the biggest concern was the US-China trade deal.
Word to the wise: If you are a casual, passive, long-term investor, disregard this post and continue your regular time-scheduled deposits.
Submitted April 11, 2020 at 07:10PM by rawring20guy https://ift.tt/34vMSK4
