Joel Elconin - Benzinga Pre-Market Prep Show – Tue 4 Feb, 2020

Fear Has Left The Markets

Joel Elconin joins me today to share his thoughts on the big move higher in US markets. With money flowing out of risk off assets into US markets it looks like fear has left the minds of investors.

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Comments:
  1. On February 4, 2020 at 11:05 am,
    cfs says:

    It certainly is hard to find boxes of uncounted ballots if you don’t have balloting.
    No hanging chads to swing the election to a chosen one either.

  2. On February 4, 2020 at 11:15 am,
    Miklo says:

    So has sanity…

    • On February 4, 2020 at 3:41 pm,
      Nigel says:

      That’s what I thought today as well

  3. On February 4, 2020 at 11:20 am,
    Miklo says:

    Well, I bought Bear Tesla X5 today on the Swedish Stock Exchange. That was fun.
    I was up 110% at one moment, but then it went South, like -50%. 🙂

    Ah, well, it was only USD1.000 so no harm.

    I Think it will pull back to 650-700 before rocketing up to 1.300-1.400.

  4. On February 4, 2020 at 12:33 pm,
    cfs says:

    It is becoming clear that this morning ……
    First the Chinese made clear lies about the seriousness of the corona virus and decreased the apparent number of new cases. (THEY RAN OUT OF TEST KITS IN MANY CITIES !)
    Then China pumped a lot of money into the stock markets.
    Then the U.S REACTed to false information coming out of China.
    (There could have been collusion between the US treasury and China, even. I don’t know about that.)
    But then the Treasury moves US stocks up on the opening in the US.
    Hedge funds jumped in on momentum.

    That this was the case is provable by the difference between movements in large capitalization versus small capitalization stocks.