Voodoo Economics, Stock Market Mania & Ponzi-Scheme Fraudsters

a reply to: interupt42

The cure is worse than the disease

I have been buying ITM calls on inverse ETF like SQQQ

I have 20 contracts on one expiring Oct but if it goes anything like March

Should do very well

Some times I feel like a schmuck who happened upon the high roller section of the casino while the record scratches, music cuts off, and everyone turns to stare at me.

a reply to: ADUB77

September is always a bad month for stocks. It's so predictable it's almost like free money. Also, take note on something most poeple do not know, the 25th through the end of the month is more often than not green. In my feeble brain I attribute that to weekly, bi-weekly and monthly paid folks dropping a portion of their paychecks or earnings into the market.

I'm not a financial advisor. I will tell you what my plays are on Monday, buyer beware!

Bull thesis. I also bought calls on SQQQ at the end of August, I plan to sell those on Monday. I bought a few TQQQ puts as well but I played that hand a little too confident and hope to just break even on it (lottery play). I'm thinking to buy QQQ and SPY on Monday to play the end of month bump and sell on Friday. After that hold cash.

Bear thesis. I don't care what anyone tells me; FED, interest rates, consumer spending, consumer confidence, new home building, mortgage lending statistics.... whatever.... the market does not like uncertainty. Moving into a historic election with public unrest, social divide, a pandemic, a dire economic cloud that nobody seems to want to talk about, fires on the west coast (not unusual but this year worse than usual), governing body of the supreme court being shaken up (RBG rest in peace) and last but not least, follow the trend in the markets, we are trending down.

Be careful out there folks and never forget, it's not bad to have some cash on hand if we dip hard!

originally posted by: bigsnowman
Some times I feel like a schmuck who happened upon the high roller section of the casino while the record scratches, music cuts off, and everyone turns to stare at me.

I think you’ve provided the most accurate of illustrations here, on the money!!!

originally posted by: anonentity
Were in a Depression they should have gone up.

Why? If use is down price goes down. You think supply and demand works differently for precious metals for some reason?

a reply to: AugustusMasonicus

Industrial demand cant increase the price of metals in a depresion because their isnt any demand, all the demand is at the moment for investment .

Who GAF. Seriously in 75-100 years it won’t matter to us, and if it matters to our kids or grand kinds then I want to be buried in my 57 Chevy, because then I’ll know the after life exists...which we all know doesn’t exist on this plane.

originally posted by: anonentity
Industrial demand cant increase the price of metals in a depresion because their isnt any demand...

Which is what I've been saying. If manufacturing use declines so do commodity prices.

Trevor Milton, CEO of Nikola has stepped down as Executive Chairman and CEO of the fraudulent company. Stock price cratering who called it? Paradise Lost Financial

Nikola’s chairman steps down, stock crashes following allegations of fraud

a reply to: CriticalStinker

Yes. And I'm glad to see you here.