Valuation is a funny thing. Stonks have gotten cheaper, but they are still not a steal. In my opinion there is still too much optimism in the market.
Interesting way of expressing FB profits. I don't count towards the user numbers but unfortunately they are still making money off me.
In 1932, the bottom was at a 90 percent fall from top. Where are we now from the top in February? 17 percent lower (S&P 500). And the world has completely changed.
I went short on Thursday.
I still don't like shorting an entire market. I don't even like shorting individual stonks with a fairly reasonable trigger :)
For some reason the market believes that it's only going to be a lost first quarter. The second quarter is going to be terrible as well. It might take until the 3rd quarter until we see the true damage with respects to insolvencies and health costs.