True, as long as Benny pumps. At the first sign of tapering, the market will crater. How high will the market be when that happens? 1900? 2500?
"But what sets this dip in motion?"
Fed's language this week. I don't expect them to taper but any hint will push UVXY 30-40%. I need more puts
Why would I be happy! Your money but for once I think you're on the right side, even if it'll be for a couple of weeks. This market is ripe for a correction. Way too many people expect to market to keep climbing without a break. Me, still waiting to get it. All I need is a 20-30% jump in UVXY
It'll be worth $0 as I expect a sell on the news. Since the last earnings aapl is up 25%. You don't really thing that's not already baked in, do you?
$15-17 by Christmas and $7-8 by March. Without another big drop in the market, I doubt UVXY will drop much.
Now, if it goes up 30-40% in nov! then I expect a $10-12 by year end