what do you make of the recent action in the markets as of late?
I realize tremendous short covering and new sucker money is entering, but what does your crystal ball say regarding the market outlook over the next couple of months?
The pick-up in volume is scaring me a little, as I am heavily short the QQQ's via put options, but cannot understand how we can sustain a new rally at a p/e multiple north of 30 with flat to decelerating earnings?
Thoughts would be appreciated.
How's that book I recommended a while back going? Remember Voltaire's Bastards by John Raulston Saul?
Not to worry, as you have options. I'd have been right there with you, but decided I didn't need to place so many paralell bets. (Up gold, silver, oil & down market).
The 'Big Money' knows that the early war news will all be positive because the military has total control of the news this time. The big money is just getting out in front of the news as they typically do.
After approximately 48 hours of the war, then it will leak out that Israel & our troops have been hit with WMD. The whipsaw will be outrageous. The only way to play this kind of volitility is with options.
You made the RIGHT move. Now crack that bottle of Crown Royal & tune the big screen to the news.