$ProShares UltraPro Short QQQ ETF (SQQQ.US)$ Remember what J...
$ProShares UltraPro Short QQQ ETF (SQQQ.US)$ Remember what JP said yesterday didnt change the previous meetings. He was in the Xmas mood, but the fundamentals is still the same. inflation -> stagflation -> recession. Do you really think there is such thing as a soft landing? look at 2008 when interest rate was at 5% what happened. JP cannot guess which company is over leveraged. Inflation is a problem that can only be solved with time and normalization. the fed government needs to keep the 4 - 5% interest rates to reach above the inflation (by dropping) for at least a few months or even a quarter or even half a year. Unemployment will continue to go up (lesser spending to companies, means bad earnings). That is why in their MOM report they estimate this interest rate hike will last till end of 2023. OPEC+ is watching the markets before they do the 5% slap across the globle of oil cuts (why not more if you ask? because it is the max limit set by the US). When oil goes up (which it did yesterday thanks to the rally), what you think will happen? not to mention diesel price.
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I got banned in the casino getting deep with the sharks. so I came here to solve my addiction.
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Spacez : I agree with you, the economy is not trending for the better; on the contrary, it may be worse
456632345 : I agree, but after all, that's not something that will happen right away. Shorting takes a lot of skill, and if the timing is wrong, the losses are limitless.
razo2 OP 456632345 : is not going to be easy to guess, so just day trade it. is all about making money in both ways. there is no permanent right answer, but more of an art then science. no one can guess who will collapse first in a recession. no matter how much technical charts and stats anyone have, human being is capable of manipulation to the degree beyond logic and reasons. so I learn personally to respect both ends of the equation, both retail and fed government. the fed government always win because of obvious reasons.
razo2 OP : the reason why i am leaning towards bearish is because if you have friends in other sectors like banking, tech and oil and gas. they will know if the top management are getting ready the axe for 2023. i can tell you most companies are already getting ready for massive layoffs in their HR department already. Dont think companies are there to love the employees as what JP says because of COVID is hard to find people. Just remember any company will want to keep the gears running 24/7/365 at a heart beat moment to any direction they want.
456632345 razo2 OP : I have also experienced this. My friend's technology company has already been laid off, and financial companies all want to avoid being laid off. It can be seen that the economy is not doing well, but the market reaction seems to be slow, or it can be said that it is deliberately slow. It's not that it won't fall, but it just forces bears to death and then falls![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
razo2 OP 456632345 : i had friends in banking. about 20% of them lost their job already. tech so far asia part is ok, but i heard they exercise "reorganization" programs. oil and gas still stable for now, but we are running at very thin margins already.
BeBlessed razo2 OP : my neighbour is from tech and kena layoff recently. the entire dept is made redundant