Smart Money Sayith
Corona Del Mar, CA
Howdy ,
$14 billion smack-a-roos.
That's how short the non-reportables are in the E-mini S&P 500.
That's not a lot in the grand scheme of things, but it's also a proxy for what everyday folks are thinking...
...and they believe an economic implosion is coming post haste.
...and they miss more often than a Shaq free throw.
Now I'm not saying that to make fun of these traders.
They are unfortunately following the wrong people.
People like Michael Burry who gained fame and fortune shorting the housing market.
He's very bearish.
Few know that he was wrong for two years and faced an investor revolt before hitting the lotto.
I can't imagine losing money for two years.
I don't even remember when my last losing year was.
In fact, I suspect I might not ever have another losing year thanks to this new discovery. (New...as in this week new)
I reveal how I created it in this video.
Fair warning: This video is highly controversial. If you're a fanboy of predictions and economic forecasts, you're not going to like what I have to say.
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