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Strategies & Market Trends : The Art of Investing
PICK 54.42+1.0%Jan 9 4:00 PM EST
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To: russet who wrote (2907)11/27/2021 9:57:59 PM
From: Sun Tzu  Read Replies (2) of 10731
 
The more I studied the market, the more worried I got. By Sunday night I was in panic mode, but seeing the futures up calmed me down enough to sleep. Monday morning the market took off like a rocket on the news of Powell's 2nd term. I could not believe my good luck and started selling like crazy. By noon I was 70% cash across all my portfolios, including retirement. I was just waiting for it to break before I go short, and that didn't take too long either.

Also, last week I saw a lot of evidence that felt like a pre-covid kind of environment. I started wondering if another covid news may be in the works. I just couldn't find any news for it, but the market had all the signs of a calm before a storm with a whole bunch of flight to safety stuff that normally would not make sense. For example the USD and treasuries were going higher despite inflation rising. And gold was going higher, even when the yields went up and even though USD was going up. VIX was also heading up. All of these and several others were signs of flight to safety as if something bad is about to happen. That is why it reminded me of pre-covid.

It's really amazing how much info is reflected in the capital markets if you can filter out the noise.
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