I’ve been on my soapbox says that this market is in a bubble as it’s not reflecting what’s actually happening in the economy. Fueled by Fed printers and speculation for stimulus this market has been on a tear. I’d like to see us test $335 on SPY today, but with these But The Dip buyers I can’t trust this market to make any natural moves so buckle up today!
SPY
QQQ
VIX
Headlines
- The Dow is set to open 300 points lower amid record daily U.S. Covid cases
- Senate to confirm Trump's Supreme Court nominee a week ahead of Election Day
- Widespread uncertainty over what US election means for worldwide stocks
My Trades
- 9 10/28 $342 SPY Puts @$2.30
Posted Using LeoFinance Beta
You have to wonder when it is going to burst. There are so many people just looking at the short term gains. They are going to be hurting so badly when this all comes crashing down. I would be okay with it all if the crypto markets would do what they are supposed to, but this whole thing where they are following the same trend is annoying.
The fact that crypto is following traditional markets is absurd. BTC should be treated as gold. If you can't get returns from stocks move to crypto. However, I think because crypto is seen as a risky investment people are already worried with stocks dropping so they don't invest or pull their crypto for cash. I was able to get back a good portion of my stock account after being down 50% I'm only down 18% so at least there was some positive...