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Strategies & Market Trends : (Buying) Options -- Ignore unavailable to you. Want to Upgrade?


To: JohnyP who wrote (35)2/24/2021 2:17:17 PM
From: petal  Respond to of 249
 
Yep. Like I've said before, I feel like we're days away myself. From the absolute top, anyway. There are just too many different stonks/"currencies"/empty companies going vertical on a daily basis. This level of euphoria isn't sustainable for > a couple of months. You've had such an absurd amount of demand, that supply have reach a humongous level in e.g. SPACs; as soon as demand wobbles a little, it will break down completely.
But sure, the market-wide rally only seriously started this last month. Vaccine news was first catalyst –– then even value stocks started rallying –– and stonks never looked down since. During Dec I thought, "wow, things are getting crazy"; Jan: "I'm getting greedy..."; Feb: "I can't believe this." Wonder what next level will be...
Well, no matter, we/I have plenty of time to short this craziness. There will be an initial drop, possibly already ignited by TSLA drop, and then a bear rally, and then we really get going... That's the normal phase. Must keep reminding myself of that: there's no rush.