I think we take out the lows from earlier in the year. I rarely go short, but I’m short QQQ and SPY via puts.
You become a bear? Bearish sentiment is contagious
Short-term, yes…
FedEx used the R-word…
This really is crazy, since we have negative GDP growth AND high inflation. There are no good solutions.
Did you sell all your short term stocks?
No. I still have some BILL. Then I’m 25% short and the rest cash. We’re in uncharted territory and the market hates uncertainty. Odds seem pretty high the fed overshoots on rate hikes and crash lands. I guess the good news is rate cuts will happen sooner rather than later.
why not just buy SQQQ?
I’m @50% cash in short term right now. Long term/401k/IRA will let it ride.
wow. lots of people shifting to cash. I am 2/3rds invested and 1/3rd cash.
Wow, look at all these professionals here.
All this cash is coming back to market in November for a Santa rally
I sold it a long time ago. My BILL position is much smaller now too. I honestly don’t understand the pain from inflation, but it’s impacting most people a ton. It’s ugly.
SQQQ is different. I don’t like the short ETFs and the way they work. I’d rather just buy the options myself.
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Thought R-word should be good for stock market since market is tumbling because of inflation. Don’t tell me, inflation, market tumbles. deflation, market tumbles too?
where is deflation?
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Is a good thing. Investors who want to sell, have already sold. So they are waiting to buy. Market is being pushed around by traders.
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oh sorry. I thought you’re saying deflation is here.