gfp: I'll probably be out of UVXY by March 1st if we haven't had a rug pull before then. I just think the market is in a precarious situation. Valuations are close to record highs. The bond market needed Fed intervention to keep from rising over 4.8% on the 10 Year. Market breadth is dreadful. 75% of all the gains come from less than a dozen stocks. Insiders sold heavily in the 4th quarter and they are usually a few months ahead of the muppets. Hedge funds have been adding short positions. I think the inauguration euphoria is going to wane. We shall see what unfolds.
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