No. of Recommendations: 7
FWIW, one of my subscriptions behind a paywall just now came out with this:
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"I think this is getting over-done, though I'm not willing to put new money to work just yet. But I am going to sell some of the hedge I put on from July 3rd, when I said to buy the ProShares UltraShort -2X S&P 500 (SDS), $24.20 real time market price, +3.7%, when it was at $22.72."
"as I write this (pre-market), the markets have taken ANOTHER leg down on the weak non-farm payrolls number that just came out. So if you were looking for an opportunity to buy, I think this is a good moment, especially if this now virtually guarantees a rate cut in September by the Fed based on the rally in bonds.
I will be back with some buy ideas, but this is clearly the shake out we have been waiting for.
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Who knows? Buy? Sell? Hold? Stick with your plan?
