BBUS, page-3174

Yes, imo there’s no denying it’s more lively bull (albeit tiring) than dead cat atm (remember, cats have 9 lives ; - ). The banks and credit markets are back-stopped by the Fed etc so there’s no likelihood of a Great Depression or GFC scenario from that angle. I’m waiting for SP500 3,000 before thinking about accumulating a bbus position. Day/week swings are a 50/50 bet around current levels imo. Also imo a second covid-19 wave of any significance is unlikely. Small outbreaks here and there maybe/probably but preparations will be in place and these will be quickly controlled to avoid widespread lockdowns ( e.g. graphic below from Oz govt’s plan). It’s a day trader’s and swing trader’s market imo and very few succeed at that game, and position traders need to be good stock pickers or just accumulate ETFs etc on the dips. No way we’re returning to 23 March lows in the covid-19 market cycle imo, however who knows what other exogenous shocks will come along to rattle this fragile financial structure. Who knows anything of the future ?