Threelot

I wouldn't be buying puts in this environment, particularly if you don't know what you're doing. IV is way too high. You could be right on direction and still lose your arse.

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More likely Trump's Easter back-to-work commitment caused the Lion's Share market surge.

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This is correct, or at least why I flipped long after the failure to take out 2200 SPX cleanly. Long airlines and hedged with SQQQ going into tomorrow. 0730 jobless claims could rock this market hard. 3-5m maybe?

Airlines will get bailed out, they'll hold up relative to the overall market, provided we're back to work.

Lower lows coming without question. How much spring in this dead cat's arse is the question. I'm hoping for 2700, but but not convinced based on today's price action.

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Called it.

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It took all of 4 minutes after the open. Historic

TVIX will be your friend today.

[quote]It won’t end well for anyone[/quote

You are correct, it won't. And 17k will be a fraction of the end result.

The word "beginning" is in your subject line. I suggest you look up the meaning.

This must be the real news, as opposed to the fake news we hear so much about.

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We will be at 15,000 by the end of the year

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Skeezer, I have a Skeeter, so that's close enough for me to like you. There's sanity in your projection.

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I expect S&P futures to be lock limit down Sunday night before midnight.

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I was off slightly. Took 4 minutes after the open. Bounced since then, to trap more longs.

I'm not a social media guy. I'm an LSU fan, with an interest in politics and the markets...and military stuff, which I still do for a living. Infrequently I come around here to see what people are thinking. Never seen group think like this bunch. Some of you people are completely detached from reality.

This market just bitche slapped you. And it's about to sodomize you. Take a look at a chart of the SPX and compare it to any cataclysmic event we've had in our history. What do you see? I see the beginning.

I'll see you again around SPX 1300. By then the US will be leading the world in corona virus deaths. And there's a reason for that to be discussed later. It will be more clear to most of you early November. Heaven forbid you're still long stocks.

This is the beginning of a bear market. And it's going to last years. The virus is nothing more than a pin prick to burst the bubble that was long overdue to be deflated.

I expect the dead cat to bounce only once the virus is under control. It will look like the bull is back and will die a painful death. That cat is in free fall mode right now. No stopping it. Where's the bottom? I have a minimum target of 1300 SPX. But I will not be surprised if we revisit that dreaded 666 # from the 08/09 financial market crisis. And we may get there faster than you can imagine.

Note the attempts at QEs that have worked in the past have been met with heavy selling. The amount of money offered up is historical and will have no impact.
The Fed can no longer bail us out. A big mac for fiddy cent is right around the corner. But since half the country will be bankrupt no one will be able to afford it.

If you own stocks, get out now unless they are related to a cure or inverse ETFs. Staples of the US economy will no longer exist. Companies like Boeing are already on the brink.

My money is where my mouth is. I have a lot of time on my hands and capital to allocate. I'm short like a mother fricker right now and will be for some time. Enjoy the shite show that is underway. There has never been anything like this before. Don't underestimate its potential to destroy wealth.