S&P futures are sharply lower because people are finally starting to realize how insanely dysfunctional the US government is, in regard to operating an economy. There isn’t any need to dwell on something that I deem to be a given, so I’ll just say it: we’re going to default. Now that doesn’t ensure losses. As a matter of fact, I wouldn’t be surprised if the market went +400 on the exact day of default, simply because the market is retarded like that.
10/17 is Zerohedge day, the day when the United Steaks of American shows the world how bad its representatives are, something its citizens have none for a long, long time.
I step into tomorrow with a 25% cash positions, prepared to leverage up to 150% on meaningful dip. I was going to drop a million dollars into VXX, but you jackasses ruined it for me, talked me out of making a smart decision because you’re just jealous of my grandeur.
The low probability bet is US default–because it makes zero sense. That’s exactly why it’s going to happen.
GET READY TO DEFAULT, SUCKERS.