I know the market is overvalued but there are lots of cash with no other options that will jump in anytime soon. I don't believe in this market drop and I am selectively buying by selling out of the money PUT options.
I am surprised how easily I am convinced to commit myself to buy a load of stocks and ES future today ( by selling short term) out of the money PUTs. These days happen a few times during a year.
This will be short-lived. The market can go up when inflation is rising. No need to worry if you hold the right stuff. All things said, many are I your side but no pain, no gain.
Pain works in both directions. Lot of bears have been hammered since late March forever underestimating market strength. Latest weakness seems like profit taking in IT mainly. It drags a few other things down for brief spurts. Maybe you'll get lucky with a guess but only if you temper your expectations. I suspect I may continue to do well with a commodity based strategy.
The Fed could not stop the S&P falling 50% in 2002 and 50% again in 2008. This current bubble is epic, when it blows up it will be another 50% correction. We are going back down to test the 2020 lows again. Exactly when is the hard thing to predict! But i would not be suprised if it was sometime within the next 12 months.
"This current bubble is epic, when it blows up it will be another 50% correction. We are going back down to test the 2020 lows again. Exactly when is the hard thing to predict! But i would not be suprised if it was sometime within the next 12 months." water fall from 13000...damn. Gapped down below 13000 this morning, then tested 13000 as upside resistance perfectly We indeed have seen bubble valuations sky high recently. Actually, way too high. A fair correction from these highs would be 50%
I'm looking forward to the volatility..... if inverses keep going up there's lots of upside, today I traded SOXS TZA etc and taught my traders how in my chatroom Legendary crash imminent? #gobears