03-05-2020, 09:46 PM
(02-28-2020, 12:25 AM)Warren Dew Wrote:(02-27-2020, 10:17 PM)John J. Xenakis Wrote: If we follow the same pattern as in 1929, then Monday will be a
bloodbath ("Black Monday").
I don't see how covering shorts can cause a crash, even selling to cover shorts. Covering a short is a buy action, so you're buying as much as you're selling.
I don't think there are too many shot positions out there. The FED scared a lot of them off with CTRL-P. So there aren't as many short cover buy actions. I did like those awful cheap out of the money S&P puts which the FED made dirt cheap with their constant market rah rahs. John is correct, it was a matter of time before the everything bubble found its pin. I bet on the black swan event as being a lot worse than our hopium addled nation realizes.
---Value Added 
