BBUS, page-1525

I agree. It’s absurd, ridiculous, farcical, laughable, preposterous, idiotic, and stupid. Not to mention crazy, mad, and insane. Still, here we are. What’s happening in the US makes no economic sense. Which tells us that the US stock market is not currently a proper US economic measure. Trying to use logic will cost you money in this market (unless you get lucky). It’s being ‘gamed’, and none of us (at least on this forum) are privy to the ‘game’ (other than via lucky guessing). If you sit down at a poker table, and after an hour can’t work out who the bunny is, then you’re the bunny

As stated earlier, I jumped out of BBUS today with a ~23% loss after a roughly two week hold. That may prove to be a bad decision. That said, it’s a fine line between having courage and being crazy. I worked out that I am not in this particular ‘game’. Who’s to say that Trump and others haven’t locked in the greatest pyramid scheme the world has ever known. If they have, they will run it until at least the next election. Yes, in the end, economics will win, but that could take months or even years (if the Orange one gets a second term). After last weeks rout, I would have thought that the market would either go sideways or down this week (with all the bad economic news from multiple angles). It didn’t. Instead, It rallied hard. On what? Based on volumes, it is not only retail money that’s flooding back in.

If you’re in BBUS near term it’s a straight up high risk gamble IMHO. As it is to be invested in this market at all. Going long or going short has equal risk because the Fed and the US Government (led by the Orange Oracle) has decided, without a shadow of doubt, that the entire stock market is ‘too big to fail’. Trillions upon trillions of debt is required to save it, but that is exactly what they have done and will continue to do in the near term,

The long term damage is enormous. But short term, unless we get a significant multi-state 2nd wave (June/July), or extended economic capitulation (July/August), then with all the Fed money and government bluster there’s unlikely to be consistent or significant S&P 500 falls. So holding BBUS requires courage beyond me.

Lord help us. If we had just had a fall back to 2200 or 2000, with measured rather than endless stimulus, it may have ended up a softer landing.