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In short, no. You do not see armies of homeless people in Croatia like you do in US cities. Croatia is a poor country, but they seem to have ways of housing their poorest and most needy, unlike the US. I'm not familiar with their social services beyond their health care system, which I have paid to use on occasion. The facilities are right out of the socialist era, not palatial monuments to excess like in the US. But care seems good. Medical professionals are highly trained. They have modern equipment, and at least in Zagreb, there are plenty of medical specialists to treat particular di

Ah yes. The PullMyFinger Capital trading approach. I don't recommend it for others. 😉 "If every instinct you have is wrong, then the opposite has to be right."

I rarely day trade, but Friday I got the bug after a couple nice little trades on the short side earlier in the week, particularly a short of JPM which I covered Wednesday. Came in short GS Friday and covered it mid morning with a small profit. Had a few longs, and added mightily through mid day. I told you about chickening out on long TDOC, which is killing me. No conviction. I'm watching it for a BTFD moment. I had 8 trades going into the last hour Friday. I kept trying to short a couple into the rally because I was 100% long and I couldn't tolerate that. But trying to short that was l

I'm down to 3 longs, no shorts at the bell. Weird to go into the weekend long. I will probably regret it Monday morning. I was trading all day today, which I rarely do, but wanted to test out some ideas for Technical Trader. Mea culpa for not posting the QE update. I'll post it tomorrow morning by the time those of you in Amerika get to your screen. And so for the high holy moly day, May the Load, Jaysus Powell bless you and keep you wholely solvent. And always remember, Sell Rosh, Buy Yom! If you are Jewish, Gut Yontif and have an easy fast!

Psychologically, it's difficult to short stuff that's getting pounded, especially after you've covered some of it. That's why and how crashes happen. The shorts cover. They don't reshort, and there are no buyers left at previous support.

Bearish Engulfing https://www.dailyfx.com/education/candlestick-patterns/bearish-engulfing.html

Commenting on the tools still available to the Fed, Powell revealed that the central bank has "basically done all of the things it could think of." Powell said this earlier today. Markets interpretation could be: The FED is done and won‘t be of much help going further. OTOH: Just yesterday he said the exact opposite. Weird.

In sticking with my thesis of AMZN as proxy for COVID-19 rally I was worried yesterday that it signaled 'its over'. All day there have been few bids. Jimi what do you call this reversal.

M'man - how is this so, what does it mean? Japan has had only 80,000 reported cases against the backdrop of 120m population? I'm not understanding this correctly.

My screens spit out a couple of bullish charts that are interesting here. LLY pulled back to its two hunnert. If it holds, it's a good BTFD. If not. oh well.

Tokyo hits the 48% seroprevalence mark with a low fatality rate. A drop in new cases seems to indicate they have reached herd immunity: https://www.medrxiv.org/content/10.1101/2020.09.21.20198796v1.full.pdf+html

I want to short GS but don't have the guts to pull the trigger to do that. It's like shorting the antichrist and being afraid of what will happen if they try to get even.