The New CS Board

[ahimsak]

Weekly sentiment is at extreme levels of complacency and bullishness, which is bearish of course. Trump will be very very good for the super rich, and IMHO, very very bad for the long run economy and will be clueless about what needs to be done if we slip into a recession, which IMHO will start at some point next year.

I bought sds at 15.6, just seconds before it plunged to 15.57, but what are a few pennies? I am 100% long sds.

Bottom line: Am not expecting more than a 2% drop early next week, and then employment report and Italy vote end of week will determine the rest of the month for the market.