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.
German 10 yr. bund from 0 to .7% in a few days.
It would seem possible. If so, gold & silver should do well. Stocks & bonds, get out imho.
I once had a friend that did this--"Hey, can I borrow $20 to pay back the $20 I owe you?"
Borrowing from Peter to pay Peter. Must keep the repayment myth going.
MACD buy signal; bullish inverse head & shouders & close above neckline; rising volume. $20s coming soon, then $30s. Kimble charting solutions turns bullish.