And we can't get a 10% correction in almost 4 years? What is Yellen afraid of?
No question a recession is coming sooner or later. We're overdue for sure. Of course the government will never say we're in recession going forward, probably never again. Or they'll say inflation is -10% lol. Stocks should drop 40% just to be average valuations.
I'm here- been on UVXY board doing good battle. Today I got over 300% short VXX near the high and it made my year. I covered at 33.53 so I left some on the table. Janet Yellen will not allow stocks to become a decent value ever again.
me too! Make no mistake, what she's done is incredibly dangerous and the economy will b weak for many years because of her criminal activity. It is just not a good idea to create a bubble in stocks. When has there ever been a bubble that worked out OK in the long run? More and more government involvement though, so the only thing we can know is the economy will be weak for many years, does not say anything about stock prices.
Might be. Grantham says 225-230 is the top, and he thinks we go to 1150. Hussman says we go to 1000 or so. Buffett indicator says 1100. But hey, stocks are a bargain.
No way jose. Yellen farted all over the bears today and will continue to do so. She will never let this bubble stop.
Yep! I do remember! VXX got whacked for almost $3 including after hours. Yellen is a felon! At some point she may lose control and the market will go to 1200, but the old cow is a wily one.
I mean even with a Shiller p/e of 27 we haven't had a 10% correction since 2011. Almost 4 years! Because every time one threatens that pig flaps her gums. So just join in with her and short VXX. She doesn't care how bad the economy gets in the long run she will keep up her criminal ways.
Today was a fantastic day. Leveraged short vxx for over $2 per share. You won't see a 10% correction in the next 50 years, we've gone well beyond the point where that can be allowed.
Lol good to hear a couple bad years hasn't taken the vinegar out of you. I am rolling in moolah from today's vxx short. Was 225% short earlier now only 115%. More QE soon and no 10% before 2100 ( the year I me s n).
She is determined that the stock market bubble will never be allowed to pop even if she kills us all in the process. I am currently 140% short VXX at average of 35.02. Will cover under 25 soon.
She got it down a full 1.60 peak to trough. And I do mean *trough*. Toot, toot, Yellen farted.
So the Fed claims the economy is very strong. That doesn't ring true with anybody I know (though I don't know any Wall Street tycoons or large company executives). OK. At the same time, we know stocks are fairly valued 40% lower than now. The Fed is doing incredible damage every day they hold rates this low. We'll all be much better off in the long run if they raise rates right now and get away from this serial bubble blowing nonsense. But that would crush the market since stocks are only this high because nobody can make a return anywhere else. It's really quite interesting to see how this will play out. I don't think we can possibly see a drop to 1200 without a major recession resulting. Also big banks have tons of bad paper related to oil and gas now. What a mess we're all in because of the Fed.