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I would write a piece titled "We Are All Fucked" but that would be a little too pessimistic for my tastes. The government has created so many economic problems and thinks it can fix these problems by printing excessive amounts of money and diluting the value of the US Dollar.
I will seriously be shocked if a great depression does not happen because of this. I am short the market for the most part right now, but still hedge my bets accordingly by betting against the UVXY with put options. I slowly increase my UVXY position by slowly buying stocks as the price decreases and sell some of my shares when the price of the UVXY flashes upwards.
Sadly, no American is truly ready for this market crash because they don't like to think about bad things happening, so they underestimate their likelihood of the bad things actually happening.
If the market crashes, I am a rich man, and if it doesn't crash, well hell I still get paid in either direction cause I play the game like a hedge-fund.
By Michael Garza3.5
66 ratings
I would write a piece titled "We Are All Fucked" but that would be a little too pessimistic for my tastes. The government has created so many economic problems and thinks it can fix these problems by printing excessive amounts of money and diluting the value of the US Dollar.
I will seriously be shocked if a great depression does not happen because of this. I am short the market for the most part right now, but still hedge my bets accordingly by betting against the UVXY with put options. I slowly increase my UVXY position by slowly buying stocks as the price decreases and sell some of my shares when the price of the UVXY flashes upwards.
Sadly, no American is truly ready for this market crash because they don't like to think about bad things happening, so they underestimate their likelihood of the bad things actually happening.
If the market crashes, I am a rich man, and if it doesn't crash, well hell I still get paid in either direction cause I play the game like a hedge-fund.