Unpopular opinion: today is a bull trap.

It's a dip.

Anyone with a half a brain could do Beyesian probabilities to figure out that by the time shit was going down in China, the virus had already spread all the way around the world. This was in November. China's entire economy shuts down for months, huge breakouts occur in Europe. US equities DGAF despite the fact that our president is a literal retard. At this point, U.S. equities are actually higher than they were in November.

Then the virus bear fucks the shit out of NYC raw. Stocks plummet.

Short of a miracle - anyone with half a brain can see that there will be a second wave probably as bad as the first. But the market doesn't anticipate meltdowns. The market doesn't sell off when the forest is on fire. It doesn't sell off when the fire reaches the city. It doesn't sell off when the fire reaches the neighborhood. The market doesn't tank until the fire is burning down its own house.

Gay bulls have no fear, and they drive the market.

/r/wallstreetbets Thread