Nov
30
Quite a rally. I took my Puts off (I lost less than 1% of my portfolio, with the potential for upwards of a 10-20% gain in a few days). We may have put off the inevitable for a while…I’ll be watching this quite closely.
I think what this does signal is that the Fed will be willing to truly inflate the economy, rather than risk deflation, which would be catastrophic. We’re not out of the woods yet.
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