Benny Blanco From The Bronx
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Fed printing trillions out of thin air to prop up the market for the election. This fraud will end in November.
Typical of delusional bubble boys to be so brainwashed they expect infinite growth. Underlying fundamentals are the worst in history. The Fed sure has these suckers convinced otherwise. Pigs will never sell until they are forced to while under margined.
Kool-Aid drinking fools are blind to what lies ahead.
Post election the market is toast, no reason to pump any further.
Anyone who thinks this fake market is supported by fundamentals needs their head examined.
Everyone was clever playing the bubble up until Oct. 29, 1929. How many traders made it out with a profit?
I can tell you with certainty, most leveraged long positions enjoying their paper gains now will being wiped out when this one blows. Most are far too greedy to ever take profits.
TQQQ March low $32.27 now trading $175, up 542%
When the market collapses it will be SQQQ's turn to generate 3x leveraged returns like TQQQ has.
We are getting into the blow off phase of the mania. I wouldn't be surprised if the DOW reaches 30K within the next week.
DOW up over 450 points and VIX is green! This market is sick!
What are you talking about? Of course SQQQ relies upon futures, did I ever claim otherwise?
This is why SQQQ suffers from contango over time when QQQ's move in the opposite direction, however, it can also be an advantage when the trend is in-line as with TQQQ which is up over 300% since March. During this same time QQQ's are up about 78%.
I don't need investment lessons from you, been doing this for a long time and made a lot of money in March. I am setting up for another downturn. When the time is right I will pile into SPY and QQQ Puts like I did in March. In the meantime I am happy picking away at SQQQ a little each day
You obviously don't know what you're talking about.
SQQQ 3X inverse to the NDX NASDAQ 100!
The fact is the market is in the biggest bubble in history which will burst. I am averaging a SQQQ position a little each day until the fraud finally rolls over. What is so hard to understand?
Also, VIX has been edging up for the past week.
Added $19.81
Book Value Per Share (mrq) $10.60
Total Cash (mrq) $8.62B
Total Debt (mrq) $15.48B
Shares Outstanding 931.81M
SQQQ is 3X inverse exposure to the NASDAQNasdaq-100, not the VIX. There are other ETFs that track the VIX.
Tesla's European sales are down 76%
Total sales in Europe in July, Tesla sales cratered by 76 percent to just 1050 sales in the month.
Tesla Blown Away As Renault Dominates Europe’s July EV Sales Party
https://www.forbes.com/sites/michaeltaylor/2020/08/27/tesla-blown-away-as-renault-dominates-europes-july-ev-sales-party/#3170211f51e5
Tesla is a pyramid scheme, it doesn't make any money.
Angry Robinhood Traders Unleash Tsunami Of Complaints
The complaints have featured "novice investors in over their heads, struggling to understand why they’ve lost money on stock options or had shares liquidated to pay off margin loans."
They haven't seen anything yet! LOL
Like all parabolic charts this one will come crashing down at some point, like when the Nikkei hit 40,000 and crashed, never returning to that level again. This amount of fake money printing shows their desperation to keep the illusion alive while the real underlying economy crumbles.
QQQ's traded at $300 during the session and above in AHs.
QQQ $300
Added $20.56
$21.32 now
XOM out CRM (PE 90) in, what a joke!
What are you talking about? Its was streaming by my ticker at $21.47
Don't you have real time?
Also, about 40% off all NASDAQ volume is done in dark pools by the various ETNs which isn't quoted. Some brokerages allow you to select specific ETNs to route orders through where you can often get better pricing than regular quotations, especially with odd lots.
The low today so far is $21.46
Added $21.48
Do you realize the only reason the markets are this high is because of the Fed pumping trillions upon trillions of freshly created debt?
XOM is being kicked out of the DOW 30, replaced by shady CRM with a PE of 90! What a joke.
SQQQ closed up today.
When is the DELISTING date?
Odd lot, filled.
I am averaging small amounts every day.
Added $21.48
No worries, the Fed will blow itself up all on its own.
The Fed Faces A "Complete Nightmare": Convincing The Public That Higher Inflation Is Good For Them
"The situation is really perilous right now and there is little that monetary policymakers at this point have left in their arsenal."
The Fed has created a monster!
QQQ $290, bubble is enormous
Added $22.45
Added at $23.50, I really don't care what it does in the near future. I know this sick bubble will pop at some point. Dollar cost averaging is keeping me close to this game.
Today is AAPL split record date, it gapped up $16, what a joke.
The big question is what happens next week post split.
Once again, AAPL is #1 ranking in the DOW 30, next week it drops to #16.
Already back at 2008 levels, going lower. Wait until inflation hits Main Street. 40,000,000 people face eviction next month, the consumer is dead. Corporations won't be able to cook their books forever with declining revenue. The writing is on the wall how this obscene fake market bubble will end. Over confident smug longs are too greedy to ever take profits and will end up paying the price, they deserve everything that's coming.
The Dollar is collapsing, soon it will be worthless just like Zimbabwe money.
Here is what happened to Venezuela when their currency was debased:
Even though their stock market went parabolic the underlying economy crashed. Stocks could not hold their gross over valuations. The same thing will happen to US markets. For example, TSLA has a PE ratio of almost 1,000. You think this will hold over time? LOL
Yes, it great so many FOMO fools are rushing into AAPL at these record prices. Record date for the split is Monday, expect the mania to reverse after that. AAPL will have over 16,000,000,000 shares outstanding and will trade like a pig.
Also, AAPL is currently #1 weighted in the DOW 30, post split it will be #16.
40,000,000 people face eviction, this market fraud won't last. Smug Bubble Boys will end up losing everything, it will happen.
This parabolic rise is setting up to be the trading opportunity of a lifetime. So many gullible imbeciles with no sense of valuation piling in right now, its hysterical.
I am averaging into a long term position at these cheap prices. Collapse will happen post election.
OUCH!!!! What a POS!!!