As we all know, futures always surge overnight. Even Cramer was surprised by it like 6 years ago. Yet nobody ever really does it. Maybe you can be the first to join the gravy train?
I'm gonna become the leader of a newly created cult. Only tunnel vision people need apply. S2007S, I'll PM you an invitation to become the first to join.
Almost all commodities are up. There are commodity based companies on the market. Many have lagged the overall market the last few years. Their revenues are often tied directly to commodity prices. The Fed printing press is only indirectly involved because it's devaluing the US dollar which is often bullish for commodity prices. Up until 2010, the TSX outperformed the SPX 7 years in a row. You know why ?
Remember when he used to openly mock buy and hold types as "fools" who would never sell in a big correction or crash. Then it became clear in his more recent posts that he may have been one of those "fools". But frankly I don't believe a whole lot of what he says because he's not honest with himself.
Question - why would I want to hold cash if major inflation is coming? Obviously there won't be a deflationary depression. It just isn't going to happen. If needed they will print cash and mail it out to citizens again, plus govt spending will explode after a likely Biden victory.
I'm 100% long the Qs in one of my accounts (for long term plays). Not sure what can turn this rocket ship around. Maybe major political violence coincident with the election. But for the moment it looks like we're heading to 400.
%% YES+ never assume that/LOL; qqq/QLD…………………………………………………………………….IF I would have known forsure UPRO was going to do s0 well may have let profits ride more...………………………………………………………………...
Well said about risk/reward. So many here think of "right/wrong" rather than "risk/reward", and so they jump in front of the train because eventually the train has to stop.