and now I have to see if I can buy some puts on 3M at a reasonable price.....
and the answer is NO I’m not buying 3M puts because the prices have already gone sky high....
Guys I’m forecasting a major dip in Nov/Dec for the stock market if the put prices I’ve been tracking have any relevance whatsoever.......plus what I’m seeing in the supply chain from my work - it’s not going to clear up and will cause shutdowns across the board. Already hearing of plant closures due to part shortages.
I’ve put a fair share of my stock account money into this expectation starting in August so my money is where my mouth is. I expect it will rebound in late 22/early 23 (at best), but the next 6 months are going to be a long slow disaster.