Short term top call here...? Sold stonks into bear mkt rally

KCalhoun

KCalhoun

I could be wrong, but I think now is a good time to go to cash, so I sold my DIS PYPL NFLX CGC TLRY etc I bought a couple days ago.

Is this gonna reverse back down? Who knows. I bought some inverses here too, end of day SQQQ SOXS SPXU UVXY.

Any thoughts? Rem 3day weekend ahead, mkts closed monday.
 
This is going to be one of the biggest memorial days on record. HUGE consumer spending. Up up up next week (or very soon thereafter if next week is just a ho-hum week).
 
SoyUnPerdedor said:
Never, EVER underestimate the ability of Americans to blow money they can't afford to blow. :)
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Bah, I am not convinced yet on a bottom, because I have never been in a QT cycle that has yet to start a balance-sheet reduction, with inflation this high. I hope you are correct, but I am leery of this being a long-term bottom. If Putin was declared dead? I would say YES!

Alas, I need more convincing.
 
Overnight said:
Bah, I am not convinced yet on a bottom, because I have never been in a QT cycle that has yet to start a balance-sheet reduction, with inflation this high. I hope you are correct, but I am leery of this being a long-term bottom. If Putin was declared dead? I would say YES!

Alas, I need more convincing.
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They aren't going to do it.

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