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The scary thing about being in the 9th year of a historical bull run in this day and age is it is made up predominantly of broad market ETFs. This is unprecedented. So if/When the herd turns, as it always does, and BTD doesn't work, many will be trampled and the sipnor correction could be substantially exaggerated. Moo. Be nimble and don't be a hog.
A year ago i would have agreed with you 100%. I'm Repub Trumper. I'm not so sure anymore. I think taxes are too high but the horse is spending, the cart is taxes. They need to fix the spending. Nobody seems to care anymore about our national debt. It is the only thing that keeps me up at night for the future of my children. So if any think like me, they're not exactly willing to cut taxes and increase debt in an otherwise hot economy. Remember, some of the republicans are tea party and mods. I just don't see it happening, especially this year. I think the run since election day has been well supported by an improving economy and cooperative pres. However, free $ is coming to an end and someone's got to pay this debt. They want to replace QE with lower taxes. If i was in congress, i would not support any tax bill that didn't curb spending.
8.5 to be exact. Been a great run.
Haha. Wait till the passengers figure out that the "out of whack PR budget" and Irma TX FL budgets just eliminated any real chance of tax reform as the debt ceiling will be already through the roof. Add no more QE to that with a touch of rate hike and we got ourselves a good ole train wreck folks.
This train lost the conductor a month ago but nobody has figured that out... yet.
I agree but the higher this market goes on La La the more people will hedge. We have a really nice bubble forming since last November. Very nice set up if you can catch it.
You'll need a little fear in the market to get that pop. First time trump said fire and fury, it ran 15 points. Second time noko fired its first rocket over japan, it ran 10. Third time it farted up a point or two. Market is ignoring every warning sign.
Uvxy holding up which tells me very possible market is topping out here in the short term.
These are uncharted waters and unpredictable times. Everything goes straight up. I'd stay off this POS until we get some clear indication of a broader market pullback. That said, agree its due for a big bump. Lot of naked shorts here and when it moves it POPS. Watch it like your junior prom date.
Traders want a solid September finish. This is all window dressing but lots of $ made trading mannequins
Another ugly day here. Seems the market will go up forever.
I'm concerned with the raising the debt $2T. These Trillion numbers are very concerning. If interest rates ever took off we would bankrupt our own country. Not good. I can see the Tea Party, dems and 1-2 gray republicans derailing the plan. Tea Party wants entitlements spending reduced accordingly. Dems don't want it reduced at all. Trump wants eliminate the state / local tax deduction which impacts overspending overtaxing blue states. The blue sens and congressmen won't vote for that. This reform is far from done boys. I personally think it never gets a lift off.
Yes love this market nothing derails it!
Fox is reporting now that Trump has privately revealed concern of legislative failure to pass tax reform. Wait till that gets digested by the market.
Uvxy based last week. Good chance we get lift off soon.
October surprise is coming.
Yup sell the news. I also doubt any tax reform gets done. Current plan significantly increases debt. Tea party has already said no way. Dems have already said no way. We sell off from here.
I see it too. I went all in today. GLTY
Its been basing but this market is still in La La land. One day it will wake up like a lightning bolt.
Tough call here. Market won't roll over but after the tax plan rollout I'm going in expecting broad market to sell on the news.
Thanks Risk!
The Houston reference was a play on the name "little rocket man." Watching that EMA like a hawk.
Get ready for lift off boys.
Houston can I get a count down.
Yup. We may be seeing the last green in for a while. Enjoy while you can.
Can't wait to see this pop 20 points
...Or their nukes
When it comes to a preemptive nuclear strike its quite a small circle.
Matters a lot who is president. Obama would sit back and do nothing like he did. Trump has come out and said remove the nikes or we will.
Still don't see a solid reversal in. Market seems to think tax reform will give us a 200+ bump next week.
Huge short positions here. When they cover there will be a significant sling shot overbought effect. 10 points easy. Maybe 15-20 if the rocket man hits the Pacific. War is coming. It is inevitable. Trump has an ego. Makes the probability that much higher and less predictable. Anyone who can't see that deserves everything they get in these markets. When is the question. If you read tea leaves Trump has already told us it will be very soon. He's not going to back down. He has no legacy yet and this would be a huge one for his memoirs, one he controls 100% and not dependent on Congress. You'll see. We will all see.
Alert --- calling for 20 points in 20 trading days. Mark the post
It starts today. Beginning of the end for the relentless 10 month bull run. Hope you got your hedge. I do.
I have been saying that for weeks. This market is in La La land. Going to be major volatility coming down the pike. Suckers can keep buying without protection.
Its a pretty good forward indicator in hours or days.
Too many crazy things happening for the vix to be so low. Stupid is as stupid does. Wait till the shoe drops bro. It will be one big MF shoe.
I can't get the song Rocket man out of my head. NOKO going to send VIX to 20, maybe 30. When is the only question.
I bought for the gap
Its all about options expiring today. After that boom
Yup. Won't last