Nick Bit: So not so stupid after all after all! Some of you shit in your pants on yesterdays drop where i put you net long. Some of you were running around in your cage like a LIZARD with its head cut off. FOR THE RECORD I KNOW WHAT I AM DOING!
Dow Jones futures surged early Wednesday, along with S&P 500 futures and Nasdaq futures, as Super Tuesday election results showed Joe Biden faring well. An emergency Fed rate cut briefly boosted the major indexes Tuesday but stocks soon reversed sharply lower, with Apple (AAPL), Microsoft (MSFT), AMD (AMD), Adobe (ADBE) and Amazon.com (AMZN) all hitting resistance or losing support. A stock market rally attempt is still active, but for now the coronavirus stock market correction continues. The big 50-basis point Fed rate cut Tuesday morning provided a brief sugar high for the Dow Jones and other major indexes. But, like a sugar pill, the semi-surprise monetary stimulus didn’t treat the underlying economic impact of the Covid-19 outbreak and soon faded. This AM the Dow Jones futures rose 2.7% vs. fair value. S&P 500 futures climbed 2.2%. Nasdaq 100 futures advanced 2.2%. Dow Jones futures have been volatile the past few days, along with regular trading. That’s not unusual for a stock market correction. Nick Note: Wall Street and the talking DICK heads are clueless. The drop is over. we got our 10% and that is all the market has to give. Now its time to trade the rally back, So get you ass in gear! The world governments and central banks are in rare agreement. Coordinated central bank quantum easing and Fiscal Stimulus is what will drive stocks into a recovery. Obviously this will not last… But lest not get to far ahead of ourselves