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While You’re Waiting, Can I Interest You In Some Stocks?
Listen, everybody is waiting around on Jerome Powell to tell us whether it's safe to buy some goddamn stocks (as a reminder, he's on Capitol Hill tomorrow and Thursday).
So in the meantime, why not buy some goddamn stocks?!
The benchmarks were of course sharply higher on the day. This is what "V-shaped" looks like:
Take a minute (again) to appreciate the regime change here:
The text of Powell's testimony will hit at 8:30am ET tomorrow, ahead of his 10:00 appearance. Over the weekend
Waiting for the big drop because it will only be a matter of time. Not if but when. Loading up on SQQQ since $17 will buy all the way down to $10 if I have to.
Hopefully that’s not all you’re holding.
Was in UVXY way too early 1st week in Dec 2017 and sold below $13 unfortunately. Never in my wildest dreams ever think UVXY would rise above $20… It went all the way to $29.xx on the 5th. Had I waited a few more days, I wouldn’t have missed the runup…. Should have threw my phone away that I used to sell the position and got a new one, would have been worth it… Still think UVXY is going down more, but I feel better off holding SQQQ than I do UVXY for the next month or so… UVXY is a capital decimating security and I don’t want to average down with that one again… Too much stress… Feel this market is about to fall off the cliff again… Only a matter of time… This time I believe the 10 year bond will crack 3% and stay above and that event should mark the end of this insanity that started in March 2009….
Great post. Thanks as always H!
So “there isn’t any currency war I would talk about,” says Super Mario?
I’m sure there isn’t any (pick one: debt problem, asset bubble, market manipulation etc) he would talk about either. Because he’s complicit in all of them – as are the other central banksters.
Borrow it into existence; loan it back to us at interest; and inflate it into oblivion. While you’re at it, steal the gold! Not a bad gig if you can get it…
http://wallstreetonparade.com/2018/02/what-was-jpmorgan-doing-in-its-dark-pools-during-the-2000-point-plunge-week/
Houston we have a problem!! Again and again and again and again ETC……………………