Time to short the market...

Discussion in 'Trading' started by vincentnyc, Sep 8, 2020.

  1. Looking at general picture. Softbank trying to front run the fed? GM states they will be bigger than tesla when they have ignored electric for 30 years? NYC restaurants and hotels screaming so loudly about certain bankruptcy that Cuomo had to completely about face? I would say that sectors of old school auto, oil, hospitality, cruise, airlines (and Boeing), tourism, general retail, malls..all looking to capitulate. Many great individual short opportunities. The general market will continue to be propped by the fed so that short will be hard to time. But we are in a classic blow off top. The number of IPOs alone show that. And it wont be a buy the dip situation. Most of the US major sectors will be decimated in the end...partly because of covid, partly because of industry disruption by younger, stronger, more innovative players. Watching the last huff and puff of the elderly old school of the US: Trump, Biden, Nancy, Hillary, Bernie...it looks pretty ugly. Also the same with corps: GM, GE, Cat, Boeing, IBM, Exxon, Pepsi, Monsanto, Cable TV. They all look very out dated and fighting a losing battle. Can the fed prop this whole party? Even Warren can see the writing on the wall and that says a lot cuz hes old USA industry die hard.
     
    Last edited: Sep 9, 2020
    #31     Sep 9, 2020
    vanzandt and Stamamarti like this.
  2. i shorted the market today 9/10 and i just got paid.
     
    #32     Sep 10, 2020
  3. Forest

    Forest

    PLUG(p) $$ today
     
    #33     Sep 10, 2020
  4. Cuddles

    Cuddles

    proof of trade?
     
    #34     Sep 10, 2020
    vanzandt likes this.
  5. themickey

    themickey

    532599-14982315146590085.png
     
    #35     Sep 10, 2020
  6. vanzandt

    vanzandt

    Well said.
     
    #36     Sep 10, 2020
  7. Relentless

    Relentless

    Was hoping you'd catch his post.

    Instantaneously reminded me of your forward thinking. :cool:
     
    #37     Sep 10, 2020
    vanzandt likes this.
  8. vanzandt

    vanzandt

    He's been around awhile too, or I wouldn't have said anything.
     
    #38     Sep 10, 2020
    Relentless likes this.
  9. as per popular requests....here it is. it wasn't my only winner today. my other winners included: yten, tsla, penn, zs, and pton today.
     
    #39     Sep 10, 2020
    KCalhoun and Relentless like this.
  10. Forest

    Forest

    Predictions for Monday ..
     
    #40     Sep 11, 2020