03-24-2020, 11:04 AM
(03-24-2020, 10:52 AM)stockguru Wrote:(03-20-2020, 03:01 PM)Otter Wrote: So, on a day when SPY finished down 4.3% on above-average volume, SVXY was up 1.5%. That IV Crush is no joke, LOL.
What about buying SDS?? I was thinking of getting this one today. If the market is headed down another 3-4 weeks this one would be good to be in. Maybe a good time to buy today with the market green lol
I think there will be an opportunity to trade that profitably. Pretty sure we will see SPY back under 240 (29% off the highs). New York is about to be worse than Italy ever was, and it is likely that several other areas in the country will exceed their healthcare system capacity in the next few weeks (governor of Louisiana just predicted first week of April for New Orleans).
Healthcare system capacity is essentially the limit for having a functioning economy (avoiding lockdowns). You can't send people to work when there are no ICU beds to go around. Any previously treatable trauma from a car accident, workplace injury, etc., becomes an additional statistic, on top of the huge surge in COVID-19 cases. Sending people back to work just keeps the infection chain going and makes the peak worse.