Now don't be fooled we don't see true value in the stock market long term.
Long term = overvalued
Short term = undervalued
We see this a a classic bear trap. Here are a few reason we believe so.
Market has left a lot of gaps to the upside (Unlike 08')
Media are dramatising the situation (Like August 15')
Move was quick, blamed on China (August 15)
It's been the worst starting week in history. Retail Investors will short this news get trapped and get robbed just like in August.
Now we still believe the market has further to fall in the long term (1500) but we can't see that happening without the upper gaps being filled and PPT stepping in to consume short positions.
Shorts are so January 4th
We are also going to upload a comparison to the last rate hike cycle.
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