Rona Vaccine Pump

 You knew this was coming.  The vaccine pump.  It was about as well telegraphed as the Trump election fraud speech last week.  But the market is still going bananas over it.  Its not the news that's important, its the reaction to the news.  Another trading maxim that has a lot of truth to it. 

And despite what I would consider expected news, we still got an absolutely monster gap up and pump on the announcement.  This after 4 straight huge up days last week.  The crowd wants to speculate on stocks.  They were just holding their fire until after the election was over.  Now that it's over, the ammo is oozing out in torrents of gunfire.  The speculators are coming out and buying up as much beta as they can before the next guy feels the FOMO.  

In the old days, they just called it greed.  I guess FOMO is just greed with immediate urgency.

The FOMO is more contagious than the Rona.  This is stock market that we have.  Its not your old bull market, this is your FOMO bull market and it doesn't trade the same as you would expect it to trade like it did from 2009 to 2019.  The moves are quicker, sharper, and the drawdowns are quick and nasty.  

Instead of having a stairways pattern of upmoves and flat consolidations, you are having waves of ups and down which eventually lead to higher and higher prices, as the up waves are stronger than the down waves.  

You just have to ride the waves up and down, eventually it goes higher, its riding the bubble.  It will end badly, but probably not until the economy is "good".  Sold a lot on Friday unfortunately, but still have some longs and will hold for much higher prices.