I said similar the other day in another thread.
While short term it is amusing...long term it will crash the markets
Trump's fault!
IMPEACH!!!
While short term it is amusing...long term it will crash the markets
The problem is the Financial industry has been way too clever in pioneering these stupid games. That’s been true for decades now.
The big boys will make the little guys pay, ultimately. That is something people do NOT understand. Better to not play this game. A lot of folks (then everybody) are going to get burned.
Ok with me I am shorting all of Wall Street. I got all out several months ago because I could see that a major correction was coming and with Biden in office its coming fast.
When the market crashes, and it will, I will move all back in. I rode out the last 3 crashes with well over a 100K losses.
Not this time, not when the future is so easy to see.
“While short term it is amusing...long term it will crash the markets”
Could be. Think of the billions in long positions these hedge funds are forced to sell just to cover the margin calls.
An unknown is how much will the fed step in to buy and thus support the longs and keep the crash from becoming a nightmare for everyone. Unless they want a repeat of Lehman Brothers, they better not wait too long to signal such intentions.
Looks like for the near future cash will again be king.
Note to self - sell all your long positions in your Ira.