Loading ...The STRAW That Breaks The Camel’s Back
I was getting ready to write a post calling for a stock market crash beginning as soon as tomorrow. I just read this piece on Zerohedge and now I am convinced that a crash is inevitable. https://www.zerohedge.com/markets/interactive-brokers-hikes-margins-35-ahead-surge-election-volatility
How will you play it?
I have cost averaged UP my SQQQ!
GL
Already in PSQ and adding to it especially if any sharp intraday bounces. This is going to feed on it’s self. Market drops, margins are going up incrementally everyday. That insures more selling which guarantees more margin calls which guarantees more selling. They have basically GUARANTEED a crash between now and end of October. You will probably soon see, Charles Schwab and all the other brokers follow suit.
Blatant market manipulation to try and crash the market so Trump gets defeated. If the other brokers join in which they will probably be forced to, this CRASH is going to make what happened in March look like child’s play. I have never seen anything like this daily incremental margin increase culminating in 35% by end of October in my 50+ years of following the financial markets. Absolutely criminal.
Sounds like blowing my own horn, repeatedly, but I’d called for this “Trump” card, pun intended, to be played by the Deep State multiple times in multiple posts.
The lone feather in DJT’s hat, is being plucked.
GL