In 1932, the bottom was at a 90 percent fall from top. Where are we now from the top in February? 17 percent lower (S&P 500). And the world has completely changed.
I went short on Thursday.
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In 1932, the bottom was at a 90 percent fall from top. Where are we now from the top in February? 17 percent lower (S&P 500). And the world has completely changed.
I went short on Thursday.
I still don't like shorting an entire market. I don't even like shorting individual stonks with a fairly reasonable trigger :)
For some reason the market believes that it's only going to be a lost first quarter. The second quarter is going to be terrible as well. It might take until the 3rd quarter until we see the true damage with respects to insolvencies and health costs.