
Went to cash back in April & have been trading SDS and FAZ since (buying calls and selling puts)with great success. Also trading bear call spreads in the SPY and bull puts in FAZ, again with great success. Plan on continuing with this stragedy until the trend changes.
I’m buying SPY puts.
Sounds like it’s time to remove one of the wings of the iron condors for awhile and just play the bear call spread. We’ll see how it plays out….
Hi Jeff,
This is a great video, and I share his sentiment. So we’re printing a bunch of fake money to buy up fake assets that are not able to be valued in the real world.
Eventually this is going to catch up to everyone, and the “real” stuff is going to get really expensive. It’s happened over and over again in history, and it’s going to happen again.
Combine this with a bunch of baby boomers taking their retirement money out of the stock market, and we’ve got a bear ahead of us for some time.
That’s the view from here.
-Jason “Wally” Waldron
How depressing. I’ve lost 70% of my portfolio in the last two years. I’m definitely bearish, but really don’t know what to do at this point. I’ve switched some of my REMAINING portfolio to Gold. Beyond that, I’m not planning any retirement parties anytime soon.
I used to be an optimist, but now I also don’t see a scenario that would turn out positive. If the market was now at 7000 instead of 10,000, could someone make a case that it was undervalued. I don’t know, but values can change quickly, and I am becoming more conservative now.
Jeff,
I think this gentlemen is right on. We can’t keep printing money and think that we can avoid inflation. Also, when you look back at historical trends for the past 70-80yrs. we see that we are in a downtrend that has repeated itself every 17 yrs. (approx.). We’ve still got about 7 years to go if we consider that data.
Thanks for all you do.
Calvin Sharp
it will always be a fragile market having dug the big hole. there will always be hype to pump the markets and a reality check to sink the markets
The growing population will keep things in demand to keep the markets afloat
Things will continue to get cheaper, hang in there
I agree with the BEARISH forecast. Big debt problems throughout the entire world. It’s only a matter of time until confidence begins to wane/erode and the massive selling of equities begins on a global scale. There is no place else to invest except for hard assets and actual physical “things” needed for survival. Personally, I like oil and gold ETF”s and a large supply of the food packs with a 15-20 year shelf-life and lots of water. And oh yeah, freeze-dried coffee and a big box of Reeses Peanutbutter Cups as comfort food for the “End Times.” Maybe a few good books as well. Sorry, not very optimistic tonight. Peace.
Jeff,
Great Video!
Been a Bear since October 2007.
Continue to do great things.
Vr/ Sully
I know I’m being much more careful. When you lose on credit spreads like last month, you lose big time.
For 20 years, from 1964-1984 we were in a sideways market in the Dow and I think there is a very good possibility we will be in a similar sideway range, as we have been since 1997, until 2017…another 7 years to go.
Great Book! I started to read it and couldn’t put it down. It really gets to the core of emotions and how to deal with them to optimize your trading abilities.
Other fantastic trading books I have read:
“The Phychology of Trading”
“Reminiscences of a Stock Operator”
“Zen in the Markets”
“Blink” (helps for trading)
…and about the read “The New Market Wizards”
Boy that sure sounds like what I did. Even with your warnings I had some success and thought I knew better. I screwed up so badly I was almost going to give up/ throw away a great system because I blew it. Pride really does goeth before the fall. This time I will listen, practice and read this book. Thanks for the encouragment.
I get the biggest laugh from these self proclaimed market experts who think they know which way the market is heading. Using Jeff’s coaching I’ve been making 10% to 14% a month in the markets simply by looking at what a chart is telling me, and laughing at all the talking heads out there.