We’ve gone thru all of 2019 cheery eyed and in a good mood. Nothing stopped the rally, not even Trump. Now with summer winding down, being an expert and all on finance and media, I can see where these journalists are going. As a matter of fact, if you speak to enough ‘experts’ in finance — you’d know that the vast majority of people believe we are in an unconscionable bubble. “We’re living on borrowed time”, said the man at the fashionable cocked tail party.
Who would disagree?
This past week was the worst performing week of 2019 and now people have it in their minds MOAR is coming. Ergo, and this goes without saying — PREPARE FOR RUIN.
Of course I’m talking my book to a certain degree, having tossed on a few large hedges at the end of Friday’s session. But even on the most rudimentary base level thinking, this whole trade war business, coupled with the Fed meddling with interest rates, is a god damned red flag worth worrying about.
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Stop worrying and learn to love the market
No harm in a good parachute, book or not.
I feel like I’ve been here before, Mr. Fly.