Jeff - Love your posts and this was a great one. I had a similar feeling and bought some SPY puts earlier this week. The train has left the station. Hope all is well in LV
I agree but I got my backside whipped every time I've gotten short the damn stock market in the past 9 months😆 well more accurately probably about 80% of the time and I've given back about 20% of my crypto profits to equities and equity options and so I have not touched the stock market in seven or eight weeks which I think speaks volumes and I will get back when I see some consolidation toward the upside because now I believe this is the indicator of a bear market and it has everything to do like you said with the whole world seeing a president who's about as sharp as a marble and multiple bricks shy of a full load
I look at the markets, and I look at the Fed. The markets are doing everything, and the Fed has done nothing. Much like when “Super Mario” issued has famous “everything” statement.
I’m of the belief the Fed will be a “one & done” as the economy slows. Maybe a 25% chance of a 2nd hike. To date the “open mouth committee” seems to be working just fine.
I was in the Maxis in the 1987 crash, over at the CBOT. On Black Monday, many traders had their badges reversed to avoid getting stuck with an "error".
Re the Nasdaq top, I think you mean year 2000, not 2001.
Jeff - Love your posts and this was a great one. I had a similar feeling and bought some SPY puts earlier this week. The train has left the station. Hope all is well in LV
Fabulous post. Thanks.
Interest rates are still low.
JLM
www.themusingsofthebigredcar.com
I agree but I got my backside whipped every time I've gotten short the damn stock market in the past 9 months😆 well more accurately probably about 80% of the time and I've given back about 20% of my crypto profits to equities and equity options and so I have not touched the stock market in seven or eight weeks which I think speaks volumes and I will get back when I see some consolidation toward the upside because now I believe this is the indicator of a bear market and it has everything to do like you said with the whole world seeing a president who's about as sharp as a marble and multiple bricks shy of a full load
I look at the markets, and I look at the Fed. The markets are doing everything, and the Fed has done nothing. Much like when “Super Mario” issued has famous “everything” statement.
I’m of the belief the Fed will be a “one & done” as the economy slows. Maybe a 25% chance of a 2nd hike. To date the “open mouth committee” seems to be working just fine.
Jeff, another fine article. Thanks.
I was in the Maxis in the 1987 crash, over at the CBOT. On Black Monday, many traders had their badges reversed to avoid getting stuck with an "error".
Re the Nasdaq top, I think you mean year 2000, not 2001.