Direxion Daily S&P 500 Bear 3X Shares (SPXS)

[wadirum1]

Bottom will eventually fall out from under this market. White House says it has given up on trying to deal with COVID -- not that they were doing much to begin with. So, no help from that corner. And if they didn't pass stimulus when the election pressure was on, GOP won't pass it later once that pressure is off. So, we have exponential COVID and no stimulus, with only the reckless buying of private market assets by the Fed using newly printed dollars to keep the market afloat. Businesses will be going bankrupt, which will in turn hit commercial properties.

Eventually this will cause the market to drop. Pension funds will scramble to unleverage, which will accelerate the fall. And then even the crazies on Robinhood will decide to throw in the towel.

I am at nearly 100% cash. Not buying SPXS yet, but maybe soon.

Wadi