📉 Bill What will the economy be like in 1 year?
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🌚 Nlggers I hope somewhat better. I'm not sure I can say with much certainty. I suspect property prices may continue to decline but beyond that I don't feel particularly confident speculating.
🌋 Pod Unk I'm bear gang, pretty massively short SPY (via SPXS calls) over the mid-term (1yr+)
🗜️ Mx Well, prepare yourself to lose some money in the next few months.
🌋 Pod Unk Nah, holding cost of the options is zero -\_(tsu)_/-
📉 Bill how long dated are they?
📉 Bill I keep on trying to short $QQQ but timing a top is incredibly hard. The run up since March is crazy. I can't believe it's still going.
🌋 Pod Unk "Market can stay irrational longer than [I] can stay solvent" :) That said, I figure the November elections are going to increase volatility. My bet is that it'll dip either way to price uncertainty.
🗜️ Mx The SPY will keep going up until November. Then, depending on the US elections outcome it may stay there or crash.
🌋 Pod Unk Money printer go brrrrrrr and stonks -> moon.
📉 Bill So you don't think polling has any effect on equity sentiment? Is Biden/trump a toss up? I bet it's going to get interesting when we start getting into the debate sessions
🗜️ Mx Polling does have effect on equity sentiment. The volume of SPY put contracts tripled when Elizabeth Warren was the DNC front runner. However, I'm not seeing any Trump/Biden effect yet. Then again, with these weird COVID times, who knows ...
📉 Bill Yes the central banks and government response to COVID is unprecedented in modern times. Very interesting to see how that plays out over the long term.
🌋 Pod Unk Inflation printer go BRRRRRRRR
📉 Bill The alternative to inducing inflation at this point in the business cycle is massive deflation breaking the entire global economy. Think no food on shelves It's the lesser of two evils.
😏 Yt L. I'm about confused about how the stock market is doing as well as it is given covid and quarantines.
📉 Bill The Fed has turned it into a casino after the GFC and we're now seeing the true manifestation of that.
🏎️ Fast minus ~20% pts. but will recover in 3-4 years.