Ameliorate
Member
Also I love how Nio reported earnings that make it very apparent how dire of a situation they are in and how they are nothing like Tesla and yet Tesla and Nio were down the same amount today. Complete irrationality at this point which was part of the reason I started my buys today.
I also dont really agree with the thought process of the market will bottom when US hits peak infraction rate. The market has shown time and time again to have peak irrational fear well before the peak economical issues or global issues peak. I think we hit peak market fear this week r maybe early next with the market assuming Italy infection/death rates across the US.....which I do not think will happen at all. For anyone that's been to Italy, they know that Italy is an insanely poorly run country.
Yeah, am really starting to think if they get through a large backlog of testing through the weekend here and then are only showing actual new cases on a daily basis, it will look like the curve has already flattened in the US next week. Note, it will still be rising but how the info is presented it will look like it's slowing. Which should help calm the markets (or there will be excessive panic today through Friday call it whatever you want)
These sharp spikes up certainly look like an aggressive rebound is on the table when sentiment turns around.