My opinion on why markets have not bottom…

by claytondpark

American retard living in Seoul here… its been approx 2.5 months since this city went into lockdown/social distancing/quarantine/etc… and approx a month or so since the curve has been “flattened” during this time most companies have instructed employees to stay at home which they are starting to lax as of late… however business activity has not improved one bit and there’s no signs of it so in the visible future… I work at a equipment financing co and there’s been a huge increase in defaults… people go to work then go straight home, they aren’t meeting their friends, families etc and aren’t making their usual stops… guess what I’m saying is bulls are overestimating the pick up of consumer spending if the virus stops spreading, for economy to fully bounce back we need a vaccine or immunity… most will fear and avoid public areas… TLDR: 5/15 spxs $17 calls & 5/1 bynd $60 puts (such an overvalued turd this one!) PutGang4Life

 

Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.