Over the weekend, I did a trio of posts, each of which began with “The next few weeks might – – might!! – – be a bearish oasis in a vast bullish Sahara.” Well, starting with Sunday evening, I had a feeling that conjecture might come true swifter than I had hoped. This morning, I was glad to have been (a) totally out of crypto, which seems to slavishly be following equities (b) fully committed in my put options accounts.
I’m still starry-eyed bearish, even after Monday’s drop, but I did make efforts today to push my timetable out, since my October 15th options were making me uneasy. I am now more relaxed in November and December options. Keep in mind, besides all the Evergrande insanity, we’ve got that sumbitch Powell on Wednesday, so this is going to be quite a week!
Below I share ten major indexes with my remarks in the caption area.
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