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August 5 Today's Views in Brief
Originally, it was suggested to try to rebound from oversold prices, which was a routine operation before.
But this short position repeatedly bottomed out overnight, which was indeed beyond expectations.
Under normal circumstances, the main players do not take action on weekends, and retail investors spend the weekends by themselves, and the market slowly recovers.
I didn't expect that the war now doesn't care whether it is the weekend or not.
It is really difficult for players in the currency circle. It is a 24-hour transaction. Before, they could take a breath and rest on weekends, but now they can't even rest on weekends.
The previous bulls took advantage of the weekend to pull up and liquidate the shorts when the US stock market was not open, and finally suffered retaliation. Once the rules are broken, no one knows where the collapse will be in the future. Can we still spend the holidays steadily in the future?
I think it is difficult. In the main force confrontation, the most miserable are us retail investors. Facing the power of this trend, there is absolutely no way.
Those who are lightly trapped can still change their camps, but those who are severely trapped can't move at all.
Here we will not analyze the market, but only find the possible causes.
It was said before that the US stock market has continued to open low and close low, open high and close low, and the Nasdaq closed negative every day, which is suspected to have entered the summer correction of the US stock market.
Last night's news about Buffett basically confirmed that the US stock market has begun to correct.
He reduced his holdings of Apple's shares by 50%, cashing out 70 billion in cash. In May this year, Buffett also publicly praised Apple's business performance everywhere.
This 180-degree turn in attitude does not seem to be for tax avoidance, but more like risk aversion.
It is very similar to the protective stop loss position we made, when the profit decline is triggered, the action of reducing positions.
Rather than saying that Buffett is not optimistic about Apple, it is better to say that Buffett is not optimistic about the US stock market in the short term.
It is like this every time. When the main force is long, it can resist a lot of bad news and the US stock market falls to pull the market against the trend.
When the main force is shorting, any good news can't move the market, but bad news is everywhere, and any one of them can multiply the panic.
Finally, according to the time calculation, we need about 8-10 days to get out of the correction.
Bullish friends, hold on, don't fall in the darkness before dawn, we are almost on the other side
