04-23-2021, 12:53 PM
(04-23-2021, 12:18 PM)crimsonghost747 Wrote: He is addicted. He just can't stop.
I like sparring with him for our entertainment. He rarely lasts 72HRs after a table pounding prediction before he jumps back in or out.
Seriously though I know he is keeping plenty of cash and so am I. This market is all set up to run some but politicians throw water on the bonfire every week. To be fair here is my prediction....The market choppiness I expected months ago is finally here. We are stuck in a range for the major indexes. If it runs or pulls back 5% in a hurry it will move back to the middle ground within the month. That doesn't end until political uncertainty ends. The market doesn't like uncertainty for sure. Taxes aren't going to double, and trillions of new printed money won't either without some taxes.
I am hopeful we are up 5% by November because the economy climbed the wall of worry. I'll do my best to make 10% playing the swings with part of my port. You won't catch me real deep in high PEs with more than the small speculative part of my port. My option selling game scores good enough on a constant modest trading range if I don't get short term scared. This isn't 2020. If the market tries to fly some politician will clip the it's wings.