Let's save this post and come back in one month. I am certain none of you will here by then. Good night.
Let's face it pseudo and real bears. We all know the US and world economy is in deep #$%$, but it takes real inflation for the Fed printing #$%$ to hit the fan. Until then, everything is under control and all sell-offs are illusion.
Let me spell out the chain reaction for you.
Oil will do a magic rebound of 5% due to some "un-expected" event.
China will follow suite, sell US gov junk bond to stablize Yuan. It might happen as early as tomorrow.
Old Fox Buffet will come to cnBSc and say it is a great buying opportunity.
Cramer says "I was wrong to call the sell-off"
And lastly, Apple blows off worthless ANALyisists' guesstimate of its earning and guidance.
By next Friday, it is all rosy again and you'd wonder what the F happened last week. Was it Golden Globe or what?
There won't be real a crash without real inflation. Imbeciles or not, it is not the day of reckoning yet. If you cannot stomach too mush risk, short TLT. It is sure bet.
Mini drop may happen here or there in the next two weeks, but santa rally is going to continue. Meaningful correction (SPY drops below 200) won't happen until until SPY re-tests high of the year, and real crash won't happen until inflation picks up.
Doom and crash to the end of the year,
Or Santa Rally is about to start.
Got to make a bet.
A bunch of high frequency traders are desperately trying to jack up the volatility this morning. The writing is on the wall.