Originally Posted by
Frank_B
I've been playing this game with the market for two years. Last time the market crashed was because of fears of Mu. Happened on a Friday. I bought SPY calls. Loaded the fucking boat with them. Monday came around and the headline at the end of the day was, "Market shakes fears of new COVID variant. S&P 500 has largest daily gain since (I forget when, but it was good)."
Guess what I did today? I bought a shitload of SPY calls again. You know why? Because the Fed was just about to (slowly) stop buying junk bonds and wean this inflation-ridden economy off the free money drug it's so hooked on. And, how convenient, just a week after the Fed Chairman is reinstated, a new variant comes along to scare every pansy-ass back into thinking that surely we'll lock down again. The Fed will respond predictably: by putting new ink cartridges in the money printer. Today was a great buying opportunity.
Side Thought: If you were a hedge fund in NYC with billions of dollars at your disposal, wouldn't it be nice to have a few friends in the largest media market in the world (also, NYC) who could pump doom and gloom onto the airwaves so you can buy your equities at a hefty discount?