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empedocles

(15,751 posts)
1. Stock market pro's love sucker rallies.
Fri Jun 19, 2020, 09:57 AM
Jun 2020

'Identifying a Sucker Rally -Investipedia

Identifying a sucker rally can be challenging, even for experienced traders. Sucker rallies appear and disappear without warning, especially during a period of downward-trending market action, such as a bear market.

A bear market is typically indicated by a 20 percent drop in the stock market, and tends to occur when the market is overvalued. During a bear market, investor confidence tends to be low, and traders watch eagerly for signs of upward movement in the market. Inexperienced or panicking investors may be tempted by market upticks, making these investors especially vulnerable to the whims of a sucker rally. They want to buy because they don't want to miss out on any upside that may develop. They are essentially bottom fishing.'

[Here the fundamentals very clearly do not justify a new all time highs, or anything close, in the markets. However, the public is very desirous of optimistic news. Hence the Moderna stock offering scam of a C19, trump's Lysol tried by many, many other misrepresentations and frauds].

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