The Meme stocks were crushed hard. When the Nasdaq was down 4%, GME was down nearly 20%. That being said, with the rally and probable dove talk by Powell (I completely agree with you by the way), a 20-50% rise in the Meme stocks is possible this week.
I was very interested in how gold held up. Gold was flat, slightly up, all morning, and then rose with the market recovery. Gold is showing tremendous strength this month.
I want to write more about this, but time is fleeting these days, but SQQQ and SDOW are the 3x ultra short nasdq and dow ETF's, and buying puts on those guys during a panic sell off is a heck of a gutsy move if you can swing it. It's what Maverick would do.
Looking forward to the Fed meeting this week. Should be crazy.
A few things I noticed today.
The Meme stocks were crushed hard. When the Nasdaq was down 4%, GME was down nearly 20%. That being said, with the rally and probable dove talk by Powell (I completely agree with you by the way), a 20-50% rise in the Meme stocks is possible this week.
I was very interested in how gold held up. Gold was flat, slightly up, all morning, and then rose with the market recovery. Gold is showing tremendous strength this month.
I want to write more about this, but time is fleeting these days, but SQQQ and SDOW are the 3x ultra short nasdq and dow ETF's, and buying puts on those guys during a panic sell off is a heck of a gutsy move if you can swing it. It's what Maverick would do.
Looking forward to the Fed meeting this week. Should be crazy.