It could be over.
US 10yr -14bps
This is your crash the markets starters pack, with all of the wildest moves imaginable. You have two questions for me, so I’ll get right to it.
How much is The Fly down today?
Answer: I was born to trade bear markets. I had 10% of my portfolio in TZA coming into today and 55% cash. I’m up 0.6% for the session, now all cash aside from my BITO yolo options trade.
Where will the markets go next?
This crash is happening during a holiday light half session. Very thin and very weak. We are all panicked because a MUG NU VARIANT OF COVID has been found in S Africa and fears of lockdowns are rampant. It will never end. The vaccines are for shit and the COVID business will mutate for as long as we live. What part about this don’t you understand? The other part about this is seasonality. Hello! When the sun is out and people enjoying vitamin D, COVID wanes. Now with winter coming, COVID is back. This is pattern recognition 101. I have not “vaccinated” myself; therefore I’m still able to use my brain.
Cyber Monday looms and we are diving into an oversold condition. You can see for sure and enjoy the comforts of having those details as a valued member of Stocklabs (cough).
My opinion on the matter is two fold. On one hand, we are dreadfully in a massive Federal Induced bubble with companies trading 150x sales. On the other, we never really crash do we? But again on the other, a little air coming out really helps Biden reduce inflation. See how transitory it is with a little help from Mother Market?
My sense is we are news dependent now and we’ll get weaker and weaker until the Fed signals they’ll suck our dicks again. We cannot afford a full lockdown again. Then again, online companies will profit. There are some winners in all this. In the end, this is a traders tape again, but one that requires careful treading. For now, cash is a very good option.If you enjoy the content at iBankCoin, please follow us on Twitter