Easy to say when you have billions..... A painful correction is 100% coming...doubt today is the start of anything serious but simple profit taking on 2021 gains Carl Icahn warns that the market rally could end in a painful correction and is hedging accordingly https://www.cnbc.com/2021/01/04/car...ul-correction-and-is-hedging-accordingly.html
a 2point run in UVXY is significant; plus VIX strong. sold most inverses into lunch pullback; am re-entering hod & earlier
Huge news this evening with outcome of the Georgia runoff election. Could move markets drastically in the coming hours!!! Get ready!!!
Final results likely won't be for a day or two. Georgia is one of those antiquated states that don't allow mail-in ballots to be counted, or even set-up in advance, till polls are closed.
This is gonna drag on into the weekend. From what I have intimated, there will be calls for recounts since it will be so uber close, like the last time, and possible legal action requested.
Went mostly cash today since unpredictable, right re final results likely not out tonight though should be volatility tomorrow... https://www.cnbc.com/2021/01/05/stock-market-futures-open-to-close-news.html
If there is no outcome tonight then markets may just selloff since markets hate uncertainty especially when this outcome is pretty damn significant
For every yin there is a yang, and that is what frustrating. If dems win, K, we have the whole Biden agenda thing. But then we have the $2K stimulus! But then, we have the real possibility of interest-rate hikes as the economy heats up with the vaccine roll-out and return to employment. I don't care what the Fed said about keeping rates low for years. That is not a law set in stone. You want your inflation to get there? Just keep spending money on stimulus and PPP, get people back to work, and of course, raise TAXES to pay for it! If GOP maintains control, I figure the market will be more orderly through the year.
If dems gain both seats I'm concerned about the real likelihood of a ftt. If markets tank and s&p loses 3550 I'll finally trade size in inverses. Times like this makes me wish I knew options better for leverage, buying index puts. At least UVXY etc near 52wk lows, so lots of upside.