Tomorrow unemployment numbers come out and we will Pump 10% probably to get people to FOMO. Sure you can go ahead and do that or you can buy calls till it doesn't work because I don't have any confidence in the market. Right now there are more Puts than Calls on SPY
. Until this number decreases I don't see it coming down yet. This now runs purely on speculation and the Rich are playing it and will give a middle finger to fundamentals. Play this safe, have some cash on the side. Bitcoin
went up 17% I expect SPY
to do the same today, people are desperate and will gamble and it shows. The VIX
going down gave the bulls opportunity to go FOMO.