DOW

Fear and Fomo bring out the same emotions in people.....i think we are seeing both of those in these markets!

The expectations of the market and the reality is way apart imvho....

Does look like the p/b has started....grabbed a short....lets see...
Looks like a race to the exits....and this should close down now imvho...

atb, wdik, dyor,
trendfriend

Libero wrote:

Paitech wrote: Libero, its about Easyjet. I read without that money, by june it would have been close the shop...
so eventhough its debt, that lets it carry on more....
Most business runs on Debt, not on full cash....

Excuse me Paitech, I must have misread it...

The Dow thread, the markets, easyjet rising amongst others.... I figured you meant the markets are up because of easyjet

Anyway, I get what you mean - they've been given a life-line. Still, my position on DEBT stands.

Debt will weigh heavily once the eurphoria passes.

Libero, if you read it, TF was surprised why the air lines were up.
Debt is a problem, but today the survival was more important, and hence easyjet up.
They would need to survive first and debt can be dealt with later on....

Paitech wrote: Libero, its about Easyjet. I read without that money, by june it would have been close the shop...
so eventhough its debt, that lets it carry on more....
Most business runs on Debt, not on full cash....

Excuse me Paitech, I must have misread it...

The Dow thread, the markets, easyjet rising amongst others.... I figured you meant the markets are up because of easyjet

Anyway, I get what you mean - they've been given a life-line. Still, my position on DEBT stands.

Debt will weigh heavily once the eurphoria passes.

Libero, its about Easyjet. I read without that money, by june it would have been close the shop...
so eventhough its debt, that lets it carry on more....
Most business runs on Debt, not on full cash....

The Dow is very close to exiting bear market territory remarkably. 23640 is the target.

Trendfriend wrote: Well this is almost bordering on insanity imvho...
Airlines whose planes are all grounded are up 25% today based on what exactly?

i'm so tempted here to short the dow....so i dusted the ig markets account down and put a couple of orders in put in with tight stops....
23811 with 150 pips stop

if that fails to hold then 24291 again with a 150 pip stop...

i'm also looking to short bp and ezj....and one or two others...
so lets see...

atb, wdik, dyor
trendfriend

Yep, I hear you loud and clear Trendfriend. I shorted both the FTSE and SPX (see entries in each respective threads, but I'm not hanging around - lots of retail investors missed the rally yesterday want to hold the bag today it seems).

Stay Safe!