I have bought puts the past 9 months since I got my first paycheck at my first job after college but I will never stop buying them. My theory is I will get it all back eventually via the leverage building on itself but I have to never stop. I lose all my money every two weeks but I will never capitulate until my grave. Luckily my parents let me live at home rent free so I have limited expenses but I know with no doubt this Ponzi scheme will end soon enough.
premiums are low compared to IWM and SPY and they have huge exposure to Macau and China
i doubt it
and today is the fitth year and one day anniversary of this one...
A mini-crash begins as investors start to sell, revealing the market’s shaky foundations. For the many people playing the market with borrowed money, the day is a disaster, as margin calls wipe out their holdings. While the investors seek to borrow more money, interest rates soar to 20 percent. The New York Daily News calls it a “selling avalanche.”
its obviously going down hard in a matter of weeks... but it did so also in 1929 in march/april and the fed bailed out every then spurring one more summer rally.
I don't know if I have the temperament for one more headfake nor the patience
one of these days will be an epic gapdown
look what happened in 2008, Las Vegas Sands went to 1 dollar LOL . Just wait til China's credit bubble implodes.....
They have tons of debt and will crash hard just like in 2008.... also their puts are way cheaper then IWM and SPYs
you know they will have a bunch.....
and i then reshort something else hahahahahaha
you never know what will happen in ukraine.
i see two scenarios for tomorrow.... mediocre jobs report meaning we gap up to embittered trolls magic number hes been talking about for three months then a close red
or a straight gap down plungeo see ya later
Coming in from my source at the Fed she will stand on top of the podium I am increasing QE to 1 trillion a month
so we don't want to show that because our Ponzi scheme might come undone