There is undeniable toxicity in the economy. Fear sent the TVIX to an over 800% bullrun followed by market calming. So, is it over? Can we expect another run from TVIX? The answer: Yes!
One only has to look at the economics to see what is coming and already here. Today, we are looking at some of the worst numbers in economic history. I've always said that the stock market is a lagging indicator and investors will see the truth.
I've said it before.. we are coming up on the 2nd leg down of this market. We're at the Return to Normal phase of the asset bubble chart. Look at the hard economic data:
This is just a portion of whats going on. The amount of foreclosures and bankruptcies from average people and small businesses is growing at a faster rate than 2008. Just look at the hard data and stop buying into the false CNBC euphoric message of "the economy is recovering fast" nonsense because these were the same people who said "there is no housing crisis in late 2007".
TVIX Price Target(s):
1st - $200
2nd - $400
3rd - $700
4th - $1,100
One only has to look at the economics to see what is coming and already here. Today, we are looking at some of the worst numbers in economic history. I've always said that the stock market is a lagging indicator and investors will see the truth.
I've said it before.. we are coming up on the 2nd leg down of this market. We're at the Return to Normal phase of the asset bubble chart. Look at the hard economic data:
- GDP - Lowest on record.
- Unemployment - Highest on record.
- Debt - Surpassing records monthly.
- Deficit - Growing, even though there is a slowdown.
- Chicago PMI collapsed to 32.2 vs estimated 40!
- UMich Consumer Sentiment fell to 7-Year low.
- Bankruptcies numbers are growing
- 4.75 million homeowners are in forbearance.
This is just a portion of whats going on. The amount of foreclosures and bankruptcies from average people and small businesses is growing at a faster rate than 2008. Just look at the hard data and stop buying into the false CNBC euphoric message of "the economy is recovering fast" nonsense because these were the same people who said "there is no housing crisis in late 2007".
TVIX Price Target(s):
1st - $200
2nd - $400
3rd - $700
4th - $1,100
Comment:
Rioting and looting has broken out in the entire US. There is literally not one reason for stocks to continue upward. Retail continued to show massive slowdown. Auto sales again have been down 20-25% each week, and Memorial Day Sales were the worst since 2008. Home sales are down. This smells like trouble folks..
Trade active:
60% is mighty nice isn't it? I called a March style sell off 5/29.. and here it is.
Trade active:
$200 target reached.
Order cancelled:
TVIX being delisted July 3rd.
