Replies to post #30254 on The New CS Board

[jumanji0881]

Nah, no correction. It's a one-sided market. Earnings ALWAYS beat expectations. Retail is looking sick though. Consumer getting tapped out ? More than the Amazon effect ? Also, Republicans will get nothing done.

[ahimsak]

I doubled down on my short of xiv afterhours at 88.8, now 100% of my asset value short xiv, long 80% high dividend stocks, which I may continue to hold.

xiv loses half its value in a 10% correction, 10% of its value in a 2% down day, great way to short the market, or go long. Better than shorting qqq as in a drop, you will get your money back quickly and more. Plus, who knows if the qqq or spy will get hit harder?

Best of luck on qqq short, was tempted to short it at 142 too.