In my previous posts I said the rally will not last. Better to short the market. Today the markets are reversing some of the gains. Take calculated risks. There is 70% probabilities the market will reverse at least 60 % of the gains. So far there are no wow factors to push up the market. The drop in interest rates of long term bonds is only a camouflage. OPEC is cutting oil production. Nothing seems right. Iwill not touch Tesla. It is a Bobby trap. Their bit coin holdings had deprecated substantially in value . Musk must sell more shares to fund twitters purchases. He cannot depends on banks'borrowing. For such substantial amount, the interest expenses will kill him. Cash still king for now. Wait for opportunity.
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