Sorry to be that guy... but just like many of us are prepping food/supplies for the coming weeks, I think it’s only natural that we should aim to outmaneuver what is likely to be a crashing stock market in the coming weeks so that we can protect our families and loved ones moving forward. Personally, I’ve already liquidated nearly all my non-crypto-related stocks, and am sitting ready to aggressively short the market as soon as the storm begins.
When do you expect the market to begin to tank? My guess says it will either be between tonight/tomorrow night, or else on the 17th. Also, what sectors do you think will be most negatively impacted? (Ie financial, energy, tech, etc.) Any other inverse-correlated stocks to buy? I don’t think any of us should feel guilty about trying to stay afloat in the coming storm... God only knows the corrupt politicians have always used their ill-begotten knowledge to increase their wealth!
Best of luck, everyone. WWG1WGA
I closed some positions in some things and put roughly a tenth of my portfolio into SQQQ and UVXY call options, if the rest of the market goes down (including most things I own) these should go up bigly.
I just see this as a cheap hedge, premiums are low as normies have 0 clue what's going on.
Not advising you to buy these, just giving my strategy.
Things I also considered / am considering : Firearms, Oil, Defense, AI / Data companies, or go all cash.
Only reason I'm not doing firearms is because they already saw quite a spike from the 6th bs, so not sure if they have room to run very far.