So I got stopped out, exited my positions for a couple of days after taking plenty of damage to my account. I’m back in. And heavily committed to being a bear. If this doesn’t work out, my wife may not let me trade anymore….
Unfortunately the market is driven by politics and manipulation pretty heavily right now, so all it takes is someone in position of authority to say “boo!” and the market will fly (temporarily) off its course. Investors are very skittish and wary. Our government has been arbitrary and capricious in throwing trillions of taxpayer dollars around to pick winners and losers, to screw over people holding what they thought was “secured” debt, and otherwise change all the rules constantly while the players are already sitting at the table and have money in the pot. This is a horrible, horrible environment to invest in – it’s more like gambling than ever before.
But that being said – volume continues to drop HARD as the market rises. It spiked above October’s highs briefly, and came back down. We’ll see how it goes….
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