Market crash under Biden's watch!

Watch your portfolio if Biden wins. A 50% tank is not unexpected!!
This was my warning over 2 years ago, in Jul 2020. Well, we have all felt how much
pain from the market crashes this year. Yes, not yet 50% down but don't believe we
have seen the bottom yet. We may very well see another major leg down in the months
ahead. All the pain is coming from the dumb fake president and his team implementing
all kinds of stupid policies killing the economy and social stability: high taxes/green
energy leading to high inflation, allowing illegal immigrants to rush into the country for
a deteriorating society, defunding police to encourage crimes.....just to name a few.
By the way, these three are also the most concerning topics for the upcoming midterm
election. I think reasonable and wise voters will give enough color to the insane Biden
and the Dems to see.

Since the situation has become so miserable, in recent market sessions, a trader

bought 50,000 VIX March $150 call options (the VIX is the Volatility Index). They're

trading for around $0.19 per contract. In other words, this person spent $950,000 to

essentially protect themselves against Armageddon.

Just to put into some perspective, at the height of the COVID-19 crash in March of 2020, it broke 80. At the very peak of the Great Recession, it broke 80 as well (in November of

2008). In other words, the VIX has never gotten to 150. The two biggest market panics

over the last two decades saw the VIX spike to 80.

But right now, someone thinks that it won't merely spike to those all-time highs but will

DOUBLE the highest levels we've ever seen.

 

How much worse can we see? No one knows for sure of course. Here is the current
status of the market.


If you look at the general course of a bubble formation and burst, we may be just at the
middle of the course and a lot more downside is still ahead of us, probably, before the
final bottom settles in!




Be clear, I don't mean a major crash is imminent. On the contrary, I think a relief rally
is very likely and potentially powerful enough to turn the extreme bearish sentiment to
an euphoric state in the weeks ahead. The next couple of months towards the year
end is actually bullish in general. A major crash may be coming early next year after
we see another euphoria in the air! Stay tuned!!