Do [NOT} be short after 2 PM today. NEVER SHORT. NEVER. Shorts are about to get monkey hammered just like last Friday.
The market might consolidate over Monday and then will rip higher.
If it crashes hard you can make bigly on some 1 month CALL contracts.
* Prime Rate was just lowered, it means that corporations can borrow money more cheaply to buy back their own stock. CEO's bonus depend on them juicing their own stock to attract investors so they can then kick back massive bonuses to themselves. The shape and productivity and fiscal responsibility of the company is totally irrelevant. If you think this isn't true then look at Tesla as an example.
* Fed backstopping has never stopped - eventually they always comes in to support the market - if this was not true they currently would not have $4 TRILLION in instruments.
* Puts and shorts MUST be punished...
* CBOE will also come in to buy the market in order to revalue the put contracts lower.
* Covid doesn't actually matter - as hard as people find that to believe..
The market might consolidate over Monday and then will rip higher.
If it crashes hard you can make bigly on some 1 month CALL contracts.
* Prime Rate was just lowered, it means that corporations can borrow money more cheaply to buy back their own stock. CEO's bonus depend on them juicing their own stock to attract investors so they can then kick back massive bonuses to themselves. The shape and productivity and fiscal responsibility of the company is totally irrelevant. If you think this isn't true then look at Tesla as an example.
* Fed backstopping has never stopped - eventually they always comes in to support the market - if this was not true they currently would not have $4 TRILLION in instruments.
* Puts and shorts MUST be punished...
* CBOE will also come in to buy the market in order to revalue the put contracts lower.
* Covid doesn't actually matter - as hard as people find that to believe..