Bearish
$SPY $AAPL $AMD It seems like most of the short covering was done yesterday. I could see a modest rally if/when the stimulus bill passes, but the stimulus bill is mostly priced in by now and everybody knows it's not nearly big enough, so I expect a drop into close, followed by a steep fall on Thurs/Fri. I will definitely be loading up on puts if the market is up tomorrow. The problems at hand are too big for this government to address, both in terms of the health impact and the economic hit. They're usual half-assed solutions will fail miserably. There is not nearly enough intelligence or imagination in this regime to handle this. In the past, they got away with slapping bandaids on deep wounds. Those wounds are now infected and limbs will be lost.
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