04-17-2020, 09:32 AM
(04-17-2020, 09:23 AM)Otter Wrote: Sold out of my SLV this morning for a 9% gain over the past couple weeks.
Rolled the proceeds into 3/19/21 SPY 255 Puts and some SQQQ. Feels like early February all over again. NASDAQ TTM P/E ratio above where it was on 12/31/19
Not a bad trade on SLV. It really does feel like JAN-FEB. Market is defying gravity and any connection to economic reality. I've given up guessing. I'll remain a little bit hedged and slightly overweight cash. I just can't see a global V bottom economy.