It certainly did look premature to be short of. I shorted DE because of same reasons as you said. But now that it gotten back so fast it doesn’t seem to be time to be short of individuals in general. Maybe later. Too much RS
%% I had planned on buying more today SH[short SPY], but KORU did so much better this week anyway; but i dont buy stuff like SH just because it pays a good dividend like CAT Took small profit on KORU\ it did also rocket up like YINN. I noticed a lot of Asian kids play harder than American kids, play is like work to kids., I was born a coal miner daughter\ lived in cabin in butcher holler\ from a mail order catalog/ made money sellin' a hawg [hog] LOL/ L Lynn/Fossil Fuels Song Thanks/good CAT trend I saved an old article about Jim Cramer's hedge fund\ he said he was arrogant\ when he first started trading,, bought/ 5,000 CAT @ once./
I was short few thousands CAT once, now I know what it's called. Next Tue Powel speaks, if you're in a rush to get SH maybe do it just before then. We might rally from here till next Fed decision though. Market aint' buying recession with unemployment down to 3.5% Thanks for KORU. Put it on my watchlist.
%% I did not realize how many markets + nations closed up for the week\ ; until i read WSJ, SAT WOW[Watchdog on Wall street]I dont know anything about his radio program\ but he said Stanley Drunkenmiller lost$3 Billion off 6 billion on his tech stocks, in weeks\ that may have been in bear 2000, he did not say. I never looked @ bear markets this way \but he [WOW radio]said in a bear , stocks return to thier rightful owners-JP Morgan, old school, banker I tried holding SPY + SPXL last JAN, so i must be more of a manager\ than SPY owner or SH ownerLOL. Cash copper or steel+ stainless steel....... /metals they hold good; sell those anytime. I saw an amazing video, yellow CAT[lioness] she stared+ hit the ground quick by a log\ + believe it or not/ jumped up quick + caught a gazelle[deer family member] mid air