Hey Traders ONLY,
Re: 0930 My call yesterday to Traders* was obviously wrong because I completely forgot about OIL!!
I learned many years ago:
Like Every Sailor Knows: When you are wrong about the winds in the sea >> Don't cry >> Don't Fret >> Get Right >> Right Now!
So, when I made that call yesterday about the Cum'in Market Reaction to a Humongous $$$$ Helicopter $$$ Drop from the Guv'mint I made a trading decision based on an upcoming $$$$ Helicopter Drop and at that moment had forgotten -- completely --- about the 2nd Black Swan >>> Liquidity Crisis and the 3rd Black Swan >>> OIL!!
So for Traders:
If you took my wrong advice yesterday >>> then reverse those positions after things settle a bit today, but before 1 PM!!
If you got in those shorts back on 2/2/20 when I advised you then you have lost no more than 10% overall in this mistake on my part!!
And that is because long term shorts do not suffer the extremes of premium explosion and contraction as do the shorter types; i.e. in options you should own nothing shorter in time than December 2020.
And for what may yet be coming on Corona and Liquidity Crisis and Oil, that is a tiny price to pay for making a lot of money!!
More Later Today after about 1:30 PM
* All Investores in the developing disaster in this market >> keep all positions and don't trade for some time.
This Market is going to continue on a Crash Course in Market Overvaluation for those who have never seen one!
The last full blown Kondratieff Long-Wave contraction occurred in the 30's. The next Kondratieff Long-Wave finally commenced in 2007-08, after being delayed by several foolish and ultimately unsuccessful interdictions of the US Monetary and Fiscal authorities. Its reemergence is now ordained with the FED's insanely structured ZIRP! Therefore, the Kondratieff's full impact is due to reassert itself in the next 18 to 36 months. If you want to know more: go to, www.polestarcomm.com
No comments:
Post a Comment