KEY TAKEAWAY (Jesse Stein) GURU
“This is simply the craziest market anyone has ever seen. There’s ZERO precedence.
I wouldn’t be surprised to see the market decline 85%. I wouldn’t be surprised to see it pull a Venezuela and continue higher due to inflation. All I know is that despite the global chaos, 2020 has been a total gift to traders. I’ve made a few mistakes this year in the market and have been rewarded every time. This is not normal and not sustainable under any normal circumstances.
Risk/reward was off the charts bullish in March. Today? The complete opposite. But again, this is 2020 and so far...anything goes.
Will money eventually rotate out of the mega caps into small caps. That would be nice, but for now, I’m taking it one day at a time.”
“Anything goes” (Cole Porter) Detta kan man lugnt konstatera.
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