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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Jacob Snyder who wrote (76124)1/26/2023 10:52:33 PM
From: Lee Lichterman III2 Recommendations

Recommended By
ajtj99
towerdog

   of 97498
 
Regarding shorting, guilty as charged. I've been squeezed too many times years ago to ever feel comfortable being short. Times like right now just show me there is no point in it. Most people only think long and the professionals jobs depend on keeping people in the market so they do their best to keep the averages going up. Either by rotation, valuation extremes or begging the Fed for liquidity and low rates, our economy depends on happy longs, valuations be damned.
If we ever got back to "normal" pre late 1990s Greenspan easy Fed valuations, people would lose their minds and our economy would probably freeze. There are so many derivatives of derivatives the whole house of cards would likely collapse.
I'm still trading long for scalps, not holding hardly anything and have bought a boatload of treasuries lately. I'm collecting 4-1/2% risk free and trading pizza money each day and sleeping soundly at night. Hopefully I'll see the turn coming in time to let some short term treasuries mature and be ready to play the dark side when the time comes but I'll probably play it like I do the longs now. Hit and run, taking bites out of the middle but being cash when I go to sleep each night.
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