Obama won one for making Peace. Though, I do not know who he made peace with
Greatest fool theory. Who care whether the security is worthless so long there is another fool willing to buy from you at higher price. The pretty woman analogy applies to the greatest fool and not the rest 
Salesperson: Federal government
Man: Wall Street
Pretty girl: tax payers who think unregulated big finance will give us prosperity.
The bad part of the greater fool theory is that we can become someone elseâs fool.
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Obviously 
Frankly most speculators donât bother to do valuation.
Speculation is like running an insurance business. Statistically, the insurer will know the rate of loss, and the amount of per loss and then use that information to charge a premium. Insurers take a large number of small risk so that one risk does not drive them bankrupt. I am sure a successful speculator does this way. For example Venture Capital firm or Private Equity do this way when they cannot figure out risk other way.
Correct. But they are not speculators. They are bona fide investors that take high calculated risks.
Sounds like accelerated death for social security and medicare.
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Donât die too fast. You are going to pay for my SS and Medicare! 
Apparently Trump admin will do anything to prop the stock market is probably the reason why Jim Cramer is so bullish instead of bearish, however he didnât expect Saudi Arabia to start a price war. Now that Trump and Fed have started pumping money, is yesterday Black Monday, the bottom so BTFD or we are getting a DCB so STFR? Field days for nimble traders. Traders love volatility. Those who hate volatility donât have the right nature for trading.
0915 ET - Many retail investors used yesterdayâs precipitous drop as a buying opportunity. Among the most traded names at Fidelity brokerage yesterday were Apple, Microsoft, Inovio Pharmaceuticals, Tesla and the SPDR S&P 500 Trust Exchange-Traded Fund, or SPY, according to a DataTrek analysis of Fidelity data. Interest in buying those shares surpassed selling interest, the firm said, a sign that many retail investors charged into volatile markets in order to buy stocks rather than sell in a panic. âRetail investors bought the crash,â wrote Nicholas Colas, co-founder of DataTrek Research. (gunjan.banerji@wsj.com; @gunjanjs)
@manch Doesnât feel like fear at all Or everybody like you monitor the G&F index?
Could this be a dead cat bounce? How to tell it is not , or it is ?
You canât, is why day/swing traders prefer to trade frequently so as not to get caught with large losses, also limit their long term (at least 8 years) gains. You have to make a decision whether you want to be a trader or an investor. For investing, you need to do a lot more fundamental analysis. Look at AAPL, despite the turmoil, holding very well because many investors know long term, AAPL will be A-ok. It used to be quite vulnerable to this type of turmoil, dropping like 60%+, now only about 15-20% correction.
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How will we know when it is time to start bottom fishing?
Obama did the same. Itâs the quickest way to increase worker take home pay.
IMO, it is DCB (do not @ me if it is not !).
No one can predict correctly !!
When VIX is coming down < 40 and down < 35 then down < 30
or
when no one has money power to buy any stocks (i.e., everyone is wiped out) !
Oxymoron 
Traders wipe out?
Frankly, investors like you are stable and stay calm, slow and steady, they win over long time.
Traders have lot of avenues to lose, high probabilities to loose money. Only few really can swim along the tide.
Since I am experienced with year 2000 and year 2008, I am able to understand some nuances and able to swim through it.
For example, I am staying away from volatile market nowâŚkeeping my gains intact, it may take 2 or 3 months for me to enter into market.
Oxymoron ? No ==> Swing sir, flow with market not against ! I change quickly when market changes quickly, that is all.
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On Monday, before the stock market opened, he said stocks could fall up to 30% from last monthâs highs before reaching their bottom.
These people are making statements for their publicity and plenty of people are there on market to scare retail investors and make them clients. They may be right or wrong, but what is the use for us or our investments?
Can we sell or buy based on such statements? It is ultimately, we need to decide and pull trigger. It is our money and our decision how to position.
From last Thursday to till date, my algorithm broke by some technical issues which takes at least 15-30 days to fix.
What kind of documents/details I focus => Last week, Thursday night I happened to read one anonymous analysts postings which clearly stated Thursday, Friday may be volatile, but Monday (9th) onwards market is leading to drop heavily ! Someone blogged that the guy was right on previous day analysis too (Good feedback).
I read his complete document, hard to understand the details as the material looked like garbage, analyzed it fully, looked to me that person was perfectly right.
Convinced market turns, took spy puts and got nice return. Now, I forget the market for this year or at least 3 months until everything settles !
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Except if you are furloughed because of the coronavirus then it doesnât help at all. Obama did it doesnât mean it should be done this time.
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