There is always a bull market somewhere. I wish I had bought 100 residential water tanks over the past couple years. They've more than doubled in value! Then there's the price of steaks. That market is so hot I've actually become somewhat of a producer myself.
Broadcom didn't provide the tech rally some were hoping for and now nvda pushing near 100 again. This time I believe we drop below 90 where probably buyers will come in a try to support the stock. Next up job report. This should be quite a show. Volatility going to kick ass today so get ready. Next week inflation data will keep markets in a crazy Volatility state
I think the second half of September is historically the worst performance. I bet VIX goes to 35-40 before a comeback.
I'm short USD etf. Won't cover until at least under 75 on this next drop... Selling puts on UVIX 4.50s at the moment...
I actually thought we would get a decent pullback today. After the NFP came out, ES rallied up 40 points so I got all bubbly inside. Then, as soon as the RTH opened, it was all helter skelter and the damn thing tanked more than 100 points. And I have yet to find any plausible reason for today's selloff. Just an inconvenient itch on Wall Street's ass, if you ask me. Anyway, you Three Stooges (you know who you are) need to know that there will be pullbacks or "V"s--even violent ones--on the way down, but we ain't going back up to the ATH. This time it won't be the same as usual.