Monday, April 6, 2020

Programming Note: We'll Be Doing A Quick Victory Lap Tomorrow, April 7, If You Want To Get Your Shorts On

Hubris, very dangerous.

After the close on March 20th we posted "It's Time To Buy Some Stocks" and left it hanging at the top of the blog that night and all day Saturday the 21st as I went fundraising.
The earliest you could have acted was Sunday evening as the futures gapped down to what has been the to-date lows:
DJIA 18,213.65 currently 22,262.14 up 1,209.61 on the day (+5.75%)
S&P 500 2,191.86 currently 2,626.55 up 137.90 (+5.54%)
You have been warned.

Related:
How Morgan Stanley Called the Exact Moment of The Broker/Dealer's Peak (MS; XBD)