I look forward to the challenge! Even if this only hit 500K per share they should be happy.
The old gal is pumping!!!!! She got SVXY back over 60 today and it will be 200,000 in 3 years!!!!
Dow 20K and SVXY 200 in 12 months!
Well, if you look at the presidential cycle stuff it indicates we won't roll over until at least close to the November elections. In addition, it's my opinion the US won't enter the next recession until early 2017 so I think we can float higher. Finally, Jeremy Grantham, who nailed the last 2 crashes remarkably well, says we're going up another 10%. He thinks we go to at least 1150 or lower. Hussman says under 1000. However I can't see a drop below 1250, which will take us back to beginning of 2012 levels.
Folks, this is the final endgame, but it is in the early innings. We're looking at a blowoff top to 2250-2300 area in S&P and then a third crash that will take us down to 1250 or maybe lower. It's far too early to short at this point.
Right. That's why VXX and UVXY are collapsing, because everyone is terrified. You won't see 198 again until 2016 at the earliest. You will see 125 but not until 2017.
Who the heck is going to buy protection when banks have told you stocks will never fall again?
Hate to tell you, but the VIX is going to single digits as the greatest stock market bubble of all time continues.
Not a quality product, and lots of competition in the space. Strong sell.
Sentiment: Strong Sell
Yessir, definitely will start costing more. I am actually a little surprised that 6 years later the market is still celebrating huge stimulus even though it means the economy hasn't moved the needle. I guess people don't care if things never get better? Something has to give eventually. Peter Schiff is saying Fed will do QE4 by end of year and it will be bigger than the first 3 combined and Grantham is still saying S&P 1150 by 2017. Things sure are getting interesting.
Couldn't do it today however. I would note he is still positive on the year while the market is also positive.
Wow, congrats. You made an absolute killing today. Really don't think the drop is anywhere close to done either I think you'll see VIX way under 10 soon.
They'll never stop pumping the markets until something forces them to. I'm saying SPX 2250 is the top, VXX at 12. Then look at loading up for the crash. Third crash is 100% assured now, too much manipulation.
And up how much since 2012? 2011? 2009? Of course stocks are insanely overpriced, nobody would argue with that. The problem is the Fed will *never* raise rates I mean never, not 2015, 2016, or 2020. Never. So we have a bubble with indeterminate end.
They don't mean a darn thing anymore. needle hasn't budged on the real economy in years and yet we go higher every single year without a 10% correction in almost 4 years now. We could see Dow 20K 30K 40K and you still couldn't say with confidence that a correction is coming. The link between stocks and the economy is permanently severed now. So why are you going to short that?
That is something I have much confidence in.
You nailed it. There is literally no chance US stocks will ever have a 10% correction, I mean ever. We didn't have one in 2012, or 2013, or 2014, even though stocks have been incredibly overvalued the whole time. The logical conclusion is that central banks have beaten the market cycle so we will no longer have corrections now or ever. The VIX should in fact be close to 0 since banks will simply paper over any possible drops in stocks ever again. SVXY to $150K in 5 years, cheers to that!
Sentiment: Strong Buy