But my idea, short UVXY & long SPY puts, should work if the right ratio is found. Please elaborate on your hedged play. Thanks.
Big drop in mkt--my SPY put gains will far exceed my UVXY loss; market stays flat or goes up--UVXY loss pays for my SPY puts. Money making machine.
It would take a rapid big drop in mkt to get it over $100, but it would still return to $8 sooner or later. The bias is DOWN.
But you know its going back to $8.
Deal one--allows Greece to keep borrowing & keep living it up like rich playboys
Deal two--allows Greece to keep using euro, but Greeks must live like their bankrolls--poor-- and work until62- 65 like most people do.
The top could be much sooner than August.....next week?
Sybil, that is foolish. The 1929 market started down with plenty of shorts still alive. Same for 1987, 2008. There has NEVER been a top where all the shorts were gone.
This time Bull may not make it to August---could start down soon.
Seriously, there has been a swarm of small quakes on the southern San Andreas (Salton Sea area) in the last 24 hrs where many experts think the next big quake could start. Such swarms are often seen before major quakes.
My lumbago is acting up--the same lumbago be4 the Northridge quake.
Oklahoma, Kansas, north Texas....glug glug.
Some are calling for a summer rally. I have doubts. But I do have a few GE calls just in case my bearishness is wrong. GE calls, even close to the money, are very cheap. Good insurance for a bear.
Both were outliers.
TLT & bonds will rally from time to time, but it seems unlikely TLT will touch or exceed the old high in the upper $130s.