What am I missing? Why is GM at ATH?

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I disagree with 99.9% of what 🥭 says. The .1% I agree with, is his last post. Health insurance companies are scams and the shit needs to be fixed.

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jesus fucking christ that mofo can’t keep his mouth shut i was trying to get rid of my calls

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Lmfao wdym “this is the one” I don’t know what you’re even talking about.

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I may be an old-fashioned Gen X motherfucker but I still always cringe when I see that people trade on their phone. That was serious money - why not show it due respect by working on a proper computer or at least a laptop? (I'm not talking some 6+ monitor set up like some regards use.)

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I hope that news on NVO losing the bid to Pfizer nukes NVO to -10% opening Monday

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Yesterday I would have \_\_\_ if I didn't \_\_\_

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I believe anything can happen on Monday but you realize the market went from 668 to 672 even AFTER the news of ‘it’s not gonna happen today’. The market is ridiculously forward looking and has too many insiders. I trust how the market closed more than believing we are scared of a longer shutdown. It’s not that we NEED the shutdown ended next week. It’s that we are planning to open it up soon is what makes investors happy

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So I did some research and read a bit about sentiments and outlooks. Most predicts 3 scenarios from from 5-10%, 10-15% and 20-30% depending on macro, fed, and risk off. While I don’t believe in last most pessimistic scenario as we don’t have any arguments why such big correction should appear, I only consider two others. And when I thought about it more, I think last two days WAS the mentioned correction time and algos reached their levels. Nasdaq already dropped 7% from ATH in it lowest point yesterday so I guess we could have a reversal point which will be continued in next week.

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