Just about once per annum the market enters the Twilight Zone, as the disbelievers snatch the purses of the anointed and send markets lower. Over the years, we’ve witnessed a steady, almost methodical, walk down of volatility, partly due to the manipulative measures being practiced at the Federal Reserve. As such, we’ve enjoyed pornographic stock returns and the elimination of the “bear class.”
However, almost like groundhog’s day, the bears make an appearance once or twice per year to remind everyone that markets do in fact go down–on occasion.
I believe we are entering such a period, albeit a brief one. During the month’s of May and June, the lot of you will die in despair, tortured by mountainous market calamities. If my losses in VIX/VXX weren’t upwards of $5 million since 2010, I’d try my hand at it right now. However, due to the exogenous circumstances of my pervious VXX endeavors, I’ve reserved it for my annual Halloween costume only, mainly to scare the adults–sending them indoors.
In short, prepare for a miniature meltdown, which will correct (extra Mr. Grady) the lowest of the low among us and turn them into honest men again.
Volatility is cheap and it’s only going to get more expensive from here.
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Good job gettting the comments section going again. You got away from getting the peanut gallery worked up, but it seems like you may be getting back to you what made you successful.
Never forget who makes you what you are.
Banned
lol
the fact that you said ‘correct’ and then referenced Grady demonstrates taste of an altogether other class, and probably just won my PPT subscription allegiances for some time
(tips hat)
VXX to $75!
Might VIX calls interest you?
What month/strike seem most attractive?
June 15’s
Strike price?
What do you think “15” means? The year??
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Oops
Nikkei exploding higher again!
DXJ and WETF go higher!
Fly nailed the Japan thesis a few months back. Made some nice coin on it via the Fidelity Japan fund.
winter is coming.
Derby is Coming.
(axiomatic: sell all tanker stocks)
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