Lions… as you all know, I have been suggesting to BUY THE BANKS for a while now and yes, they are taking off. My next suggestion, especially with JPM, GS, and BAC, is BUY ANY DIPS THAT PRESENT THEMSELVES. Remember, not only should you be buying the banks and collecting the dividends, you should also be trading around them using credit spreads and or selling WAY OTM puts.
I think we (maybe) will see one more high in Dow /bit more _maybe_ than 37,000/ than _or now_ a Pullback with targets @ about 36,150 or _hope so_ @ about 35,800.
Banks are doing fine and so is USD. I was talking to a friend in London who returned from Turkey. People are crazy for USD not gold. Incredible. Black market for USD around the world. Europeans are buying USD with both hands and legs as businesses collapse who loaned "free money" in USD terms. Incredible.
Not against gold silver palladium platinum. If we bought any of this last year, we are in big red. There is no such thing as absolute value. Value is always measured against something else. Trend has not changed.
BTW shockingly enough people in the third world are crazy for USD instead of gold. First of all people have hard time trying finding real gold. Secondly, every country is launching paper gold etf and diverting the demand.
So we are left with USD or houses but even that can crash if FED simply coughs. So just have to keep USD and traded trade trade. Short term trades only
Buying more silver!
Speaking of banks and repo market, apparently MSM can't comment about the name of the banks who received 4.5T in loans in 2019 being under gag order! https://wallstreetonparade.com/2022/01/theres-a-news-blackout-on-the-feds-naming-of-the-banks-that-got-its-emergency-repo-loans-some-journalists-appear-to-be-under-gag-orders/
When the US10Y rises so do the banks.
What’s up with MSFT, anyone?
Am now waiting for a markable pullback to buy the dip.
I think we (maybe) will see one more high in Dow /bit more _maybe_ than 37,000/ than _or now_ a Pullback with targets @ about 36,150 or _hope so_ @ about 35,800.
Banks are doing fine and so is USD. I was talking to a friend in London who returned from Turkey. People are crazy for USD not gold. Incredible. Black market for USD around the world. Europeans are buying USD with both hands and legs as businesses collapse who loaned "free money" in USD terms. Incredible.
USD in freefall... have you noticed the issue with inflation? That is the USD losing purchasing power.
Not against gold silver palladium platinum. If we bought any of this last year, we are in big red. There is no such thing as absolute value. Value is always measured against something else. Trend has not changed.
BTW shockingly enough people in the third world are crazy for USD instead of gold. First of all people have hard time trying finding real gold. Secondly, every country is launching paper gold etf and diverting the demand.
Cryptos have unlimited supply. UNLIMITED
https://coinmarketcap.com/all/views/all/
Several more are in development.
So we are left with USD or houses but even that can crash if FED simply coughs. So just have to keep USD and traded trade trade. Short term trades only
Last man puts out the Light. You know, I know and pretty much the whole World knows that the USD is a dying asset by design.
>I know and pretty much the whole World knows that the USD is a dying asset by design.
That is reason USD will go up. Everyone knows that USD is gonna die
good point
Can someone smart explain why sell way OTM puts? I cant wrap my head around it.
You do not want them to fall into the money, so as a safe trade sell them way OTM.
Hmm alright, thanks