Loading ...It’s Now or Never For My Crash Scenario
I believe my crash scenario is about to begin(if it is going to happen?) The crash canary(TDG) is ready to plunge. If it does today and the next few days the market should follow right behind. If it does play out this could end up being a capitulation move that brings about a short term buy opportunity. I am positioned for a sharp drop, but also have a very special situation long speculation that has an announcement tomorrow that I hope is a catalyst. My crash helmet is on.
Strapped in With you CM
CM, the market has priced in the .25 rate hike. So I think the market will hang on every syllable uttered by Powell. If he hints the economy is slowing and alludes that not as many rate hikes are planned as was anticipated, a market rally begins. If he leans towards the inflation hawk stand, the market tanks. I’m sitting on the sidelines until after his schpiel. The rally or draw down will not be a 1 day affair so there will be opportunities to cash in once it’s clear what direction the market will be taking.