Short @19.75 1/2 position. Will add with cofirmation down. Looking to see a move to 15ish. Edit: stop moved to breakeven.
stop trailed to 18. Averaged in position @1719. First target 15.25 edit: Stopped out ! Should have exited a tad earlier, but was stubborn. NQ and Euro were holding strong
It has been the de-facto way to deal with debt since way before that. In a fiat system there is never enough money for everyone to pay down their debts, thus inflation is utilized to lower the burden of making a stream of payments whos nominal value is fixed. This is a central piece of information that the neoclassical monetarists (dominating western academia) seem to completely ignore. You obviously have never seen the dollar adjusted PBoC balance sheet.
Maybe. But there were people in this journal skeptical towards the long side 900 points lower than this as well. And probably lower than that before I started reading here. Just saying.
I must say, you're completely correct. I don't know if you were around or not, but I remember in this thread when we were well below 1000 ES, and a trader (I think it was ''Airwaves''?) told everyone that the easy money was up, and that we'd see 1500 soon. He went long everyday whilst everyone else, as usual, shorted and got killed. He wasn't much liked. It was either Airwaves, or maybe Lexcorp?? Both used to do very well day after day. It fun looking back. Fact is, we will keep going higher over time. It simply has too. It's manipulated to high heaven and surely by now, everyone knows it! I would never short the ES for anything more than a tiny scalp. I also wouldn't be looking for swing longs here either, but shorts are pretty much always out of the question. It is, and will always be, heavily biased to the upside