in the mean time you can call me a bottom if it makes me a few bucksi dont see a continuous bid for risk assets until inflation and rates are stable. but that doesnt mean it isnt a buying opportunity for good names. Impossible to call the bottom so i dont try. If we arent in a recession right now, i think there is a good shot we will be in one later next year, so anything im buying now it is under the expectation we might give up any gains in the next 18-24mo. And I'm ok with that because fuck it, trying to time the market to avoid recessions is dumb as fuck
The second I start buying puts, the fucking thing will reverseevery market bottom I imagine in my mind just gets blown right through.
On Monday I thought NASDAQ 11,000 was the bottom
This morning I felt 10,500 could be the bottom
currently at 10,570 and dropping like a rock still. Maybe 10,000 is the bottom?
In other news I finally bit the bullet and started buying SPY puts. Those are up $2,000 in like two hours.