Market Thought… very close
IMO, we are very close to an interm bottom here. Negatives are clearly present, but stock valuations are getting too interesting to pass up. I doubt any reasonable long-term manager will let certain price points pass up, and are accumulating here.
I unloaded a lot of my market short, and entered some options via stocks from the post below… initial positions. Complete capitulation did not occur yet, hence kept some market short protection, which I will remove when I see it.
I also placed a bunch of limit orders, in hopes to get the capitulation prices.
Be ready.
