Shit is about to get real in the legacy markets. Get your shorting game down fellas. Its gonna be a great rest of the year for shorts. If there is no Fed intervention and QE begins to prop up the market then it may hold up but I doubt it.. This is pressure that has been building up in legacy markets for quite some time now and I dont this that the capital flight out of legacy will be able to be supplemented adequately relative to the sell offs moving forward. A long position can not be justified as there is little margin for error. If I know this, then so do much smarter, and richer people. Only irrationality can justify a long trade. Watch for metals and mining stocks to skyrocket from here on out.
God Speed Gents,
Mr. Manbearpig
God Speed Gents,
Mr. Manbearpig
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.