:smile:
I'd like to see more bets on this 'retest' that every chart follower is calling for. The more leveraged the downside everyone gets, the better. 2x, 3x bear funds, keep loading 'em up.
I'm of the opinion the easy money has already been made on the downside. Everyone is saying, "are you nuts, it's obviously going lower." Here's the thing - whether these people are sold out to cash or selling short, they have a vested interest in saying the market will go lower. In fact, they are praying for it to lower (re: 2x, 3x bear funds). The unfortunate truth is the ones who say they will buy when it 'gets lower' will sit there waiting for it to go even lower because the 'news' will be so negative.
It's good times, it's easy to say, "buy when there is blood on the street" and "be greedy when others are fearful". Hindsight when looking at charts it's easy extremely easy to say the 1987 crash, March 2009, or even December 2018 were great buying opportunities. At the time, the news was not suggestive of good times ahead.
"Yeah but this virus is a black swan and different." No it's not. Markets still move on greed and fear. See how the VIX does if a retest occurs. I'm guessing it doesn't come close to the previous high.
One of these weekends there will be good news announced and holding bear funds won't be fun on Monday morning. Again, all it's going to take is a spark to unwind the bear funds and get those in cash to chase higher prices.
