RE: Positive Notes and Cautions Hello btrevorb. Brokers have their own interests at hand – unless they are the ones we use.
As always you make some good points. Trading the VXX is similar to spending time with an ugly h___re on a Saturday night. Trading FEAR is risky business “Tom Cruise 1983”. However, if you can time it right…
Agreed on a looming correction as there are several ETF’s that track shorts and double shorts on the SP, DJ, TSX, CAC40, FTSE…etc. That are reaching their points of inflection. The s&p will need a deep catalyst to rocket from here… do you see one? September and October are seldom good months – especially for stocks making new highs. This time may be different because of the election but I doubt it.
TO REMIND EVERYONE SHORTS ARE NEVER A GOOD HOLD MORE THAN A FEW WEEKS – IF THAT.
Spent some time in Europe this summer… and some of the roadway tolls took credit cards. It’s going to be hard to go back on the EURO. The cash account for the EURO zone should have been a prerequisite to join – not an afterthought. The situation in Europe will only help GLD as throwing money at these countries is the only way to bail them out. I didn’t say fix because it can’t be fixed under normal circumstances because of the implication of inflation and/or deep deflation in the aftermath. There are many who say that we could revisit the crash in the near future and it will be worse than 2009/10 because the problems are not fixed.
Indeed, that’s another story.
GWH.