Since the Trump trade is getting a discount starting today, there could be a very painful test to pre election levels. That's 2500 points from now. But the economy is extremely strong right now, so watching those futures indices and for a reversal will be key to protect gains. One thought is that a person can take a position with puts with a bit of time when the reversal comes to make a gain on the down side after closing out. At any rate this may be a protracted decline to bring equities back into new forward estimates of prices at lower levels because of the level where the Trump trade started and the estimates at those levels. But it isn't starting that way, as it's proving able could move very fast. We are certainly in a massive equity bubble right now which has seemed to defy gravity so far. But it looks like we made a huge double top over the last couple months not being able to break the old highs, except on the NAZ and cracks have appeared. Wouldn't mind getting another 30-50 dollars per share from here, but we will see.
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