The stock market is at unsustainable technical extremes. Never mind the abysmal fundamentals.

The stock market is at unsustainable technical extremes.

Never mind the abysmal fundamentals. pic.twitter.com/a4OyuoXNmr

— Kevin C. Smith, CFA (@crescatkevin) June 8, 2020

Hertz and JC Penney rallying after bankruptcy. pic.twitter.com/ON7pl7ZbAR

— Charlie Bilello (@charliebilello) June 9, 2020

The narrative for markets "has been win-win,” Allianz’s @elerianm says. “That narrative is so deeply embedded now that it takes a major shock to change it.” t.co/ZWc2QFyJmw pic.twitter.com/MhfItST84D

— CNBC (@CNBC) June 9, 2020

#recession … US #StockMarket #Bubble edition t.co/rsHn5Jm9K7

— Invariant Perspective (@InvariantPersp1) June 9, 2020

*stonks t.co/YER7qSt9K0

— TeslaCharts (@TESLAcharts) June 9, 2020

#recession … #Tech #Bubble 2.0 edition
via @anilvohra69#NASDAQ #NASDAQ100 $QQQ t.co/UVMP4X5sfI

— Invariant Perspective (@InvariantPersp1) June 9, 2020

the Fed just agreed to buy 95% of loans made to risky companies (w debt at 6x Ebitda (adjusted ofc))

companies now don't have to fully pay back those loans for 5 years – used to be 4 years

(friendly reminder that state & local govts only get 3 years)t.co/ClBCxkb0Ni

— Alexandra Scaggs (@alexandrascaggs) June 8, 2020

Airline Index sees record Volume pic.twitter.com/vrAqPNenOi

— Sunchartist (@sunchartist) June 9, 2020

CRAZY SPECULATION pic.twitter.com/4n1myD9Tt5

— Thomas Thornton (@TommyThornton) June 8, 2020

Oh look, it's the 1st time this century where $SPX gained 1% or more…with $VIX closing up 5%.

Figures.

— Steve Deppe, CMT (@SJD10304) June 8, 2020