The Dow Jones Industrial Average ($DJIA(.DJI)$ ) has risen 444% in a span of just 12 years. Paul tudor jones profited hundreds of millions during the stock market crash of 1987. While there was panic on wall street, he profited.
We have indicators of stagflation. Inflation is being misrepresented: current steak prices being compared to previous years abstract fish prices to manipulate CPI. We have the SBA misrepresenting unemployment and underemployment levels with asterisks. We have the Buffett Indicator at records above the dotcom era bubble. EBITDA is being labeled on balance sheets with weird asterisks due to the pandemic. We have entities like bank of America now requesting to obtain debt equal to over a third or so of their very market cap. We have a record federal reserve balance sheet. record congressional deficits. We have record and devastating debt. and record federal reserve repossessions.
We also have china being fully delisted from U.S. markets, and an unregulated asset bubble in the crypto world, with hundreds of new fake crypto coins. a trillion alone in that could be unwound in a day, and especially with this new SEC regulation and possible congressional crackdown. With all this said, we are in a middle of a historic pandemic, and now a third wave, several variants. the delta variant wreaking havoc. now subjecting global societies to newfound economic shutdowns. Daily cases skyrocketing. daily deaths creeping back to scary levels.
I think all of us should take a step back and realize that we can prepare for such a crash, like paul tudor jones did in 1987. That's why I'm long $AMC Entertainment(AMC)$ , $GameStop(GME)$ , $ProShares Ultra VIX Short Term Futures(UVXY)$ , and $ProShares UltraPro Short QQQ(SQQQ)$ . Although I feel that AMC is the safest hedge right now due to a falling market, GME/UVXY/SQQQ are similar positions.
Ditch your short term $Robinhood Markets, Inc.(HOOD)$ position, and come back home to AMC, GME, UVXY, and SQQQ . Come home. "We're in the endgame now."
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