This long weekend is most welcome. This is good, not all factual, but actually includes the essential reasons for this rally:
"...And the best part, for equities that is, theres no inflation So these central planners can do whatever the {bleeeep} they want. It doesnt matter how irresponsible they are. The bill will come eventually. 3 months maybe, 6 months definitely. But until it does, the market will not price in an end to these extravagant and wasteful government policies. So dont fight them or at least, to paraphrase William Prescott, dont short till you see the whites of inflations eyes.
The best part is that you will probably find a reason to discard everything Ive said. After all Im young and foolish, and the market is overvalued, and the p/c ratio is super low and these are all true. Im not denying that. I am however noting that liquidity and sentiment will trump these facts. So many months from now if the market does in fact hit all time highs I want you to ask yourself a simple question"
https://klendathucap...or-old-men/amp/
I'm an old man so have been around awhile lol!! No this rally will end badly I think unless we start to flatten out here for a bit, average short now 3860 with that pop over 3950 yesterday lol! This is the biggest short I've had in a long time but know that's it is way overdone. I'm going to do a reversal like the chief and say options are now questioning this move although they look bullish, just like the AAII numbers lol. Held my Feb. 4000 calls over the weekend and they are barely higher this morning, actually seeing a $1.00 profit on my resell so I'll continue to hold them. Even my sold March 4000 calls are still showing a $15 profit and the March 4100 calls are equal to what I sold them that indicating to much bullishness for out of the money options. Gonna be an interesting week as were nearing my upper range numbers for this expiration cycle at 3970.
