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Ipso – yeah I’ve never been great with options either, just trying to get a rise out of my friend Capt. Hook 🙂
R640 – yes, yes, yes! Even though the DOW was up 1K today this shit is a long way from over. We had these kind of rallies in 2001 and 2008-09′
suck them in and spit them out. If this was over pm’s would have been crushed and so would the pm shares. Not saying this can’t last for a week, but am saying fasten your seat belts and wait till the volume arrives..
My guess is a bunch of panic, buying to cover “short covering”, especially the late entry shorters. You know how people generally buy the highs (TZA, SPXU, SPXS) and sell into the lows.
There was a guy on TV this morning that brought up a good interesting point. Many corporations BORROWED tons of money to buy back shares of their companies. Unfortunately they all bought on the highs. Any interest costs they saved will be lost on the shares they bought.
The full court press to literally save the world financial markets is underway–will we soon be seeing a return to the “no downside” rally
that we had the past 2 yrs—where ANY share of ANY U.S. company was more precious that a “pouring of rubies”—and the accompanying smashing of PMs? Note the insiders are doing their patriotic bit—they were wrong in 1982—they kept selling all year as stocks rallied…will they be buying all the way down in 2019?? Or are they right to buy? Only the Shadow knows!
Buying by corporate insiders surged in the past two months, and has outpaced insider selling by the most in eight years, or since the US downgrade in August 2011 which prompted a 19% market rout.
On Christmas Day, Israel launched what Bloomberg described as its first airstrike in Syria since President Trump’s “shocking” announcement that he would withdraw all US troops from Syrian territory (to the disgust of US national security officials and every neo-con anywhere). The strike targeted an ammunition depot in the Damascus countryside believed to belong either to Iran’s Revolutionary Guard, or its Lebanon-based proxy Hezbollah.
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