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Ohene

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Eric Brooks said:
I don't think it's impossible it's just that people can't decide what to do, their best play is still equities but the country is getting worse and worse
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its a tough spot. i know you think I'm buggin but thats why I;m only lookng at technicals at the moment.

at this point the trend line has been broken and the S&P/QQQ is in a downward channel. I'm only in on $3000 in puts for Zillow at the moment. In the red about $300. Really wish I bought puts at 331 for the SPY but I was waiting for 332. SMH!!

All I know is that Q3 earnings is going to be some shyt. About 3 months ago I told my dad and a coworker that If i had the amt required in a trading account I would short call options for the SPY at 340 expiring mid october. Margin mightve been called since it went to 360 but its looking like a profitable trade idea. My thesis was that the S&P theoretically shouldnt be past all time highs (338) at the time. At best it would be AT all time highs expecting that earnings bounced back to pre-covid levels at the end of Q3 (no way in hell they would). It'll be intersting to see what happens with Q3 earnings releases and the election during the final quarter of the year. shyt gonna get wild.

Cash sucks
Bond suck
Equities are risky

At this point the only surefire investments to me are infra assets
 
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