Hello everybody,
All right! We are short. We have a position, we are active at last. But the market is up, in this relentless uptrend. Like they say: beware of your desires, they sometimes come true.))) As we predicted, the market resilience spilled into new records yesterday, and, besides giving us the opportunity to go short at a decent price, it looks like it will still hover for a time at the top.
The Iranian scare fizzled as it became known that Iranians had deliberately avoided casualties among Americans. But you never really know: Iran may be preparing some other and more serious response in addition to the immediate and demonstrative one. The economy looks good: unemployment is low, GDP is growing, and even the balance of trade looks better. But all these developments seem to be reflected already in the stock prices. Our assessment is that stocks are high enough to expect a corection of sorts.
Good luck,
ELP team
All right! We are short. We have a position, we are active at last. But the market is up, in this relentless uptrend. Like they say: beware of your desires, they sometimes come true.))) As we predicted, the market resilience spilled into new records yesterday, and, besides giving us the opportunity to go short at a decent price, it looks like it will still hover for a time at the top.
The Iranian scare fizzled as it became known that Iranians had deliberately avoided casualties among Americans. But you never really know: Iran may be preparing some other and more serious response in addition to the immediate and demonstrative one. The economy looks good: unemployment is low, GDP is growing, and even the balance of trade looks better. But all these developments seem to be reflected already in the stock prices. Our assessment is that stocks are high enough to expect a corection of sorts.
Good luck,
ELP team
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