Loading ...I just got back from Costco. This is quite a nice dip start for people that were patient and waiting to buy in. Too bad for the people that procrastinated, and waited too long to pile in late and buy the highs.
My newsletter once described those people of having a secret unconscious desire to lose. They want in, but keep waiting and putting it off buying, until they are convinced its a bull market, finally plow in and succeed to “get it” good and hard. They are probably one selling out at a loss.
Could we be seeing people panic short buying?? Falling all over each other to borrow shares and sell them?? If we get a quick rebound? Those people (that like to get beat up) will lose money fast and buy to cover their losses and create a short covering rally.
Some people just do NOT belong in our sand box. But the derivatives makes it possible.