The short bet I placed on the oil and gas ETF's are looking very good so far. The bets I placed are up almost 30% in just over 8 weeks. Model Portfolio performance below.
I am hoping to place a few more wagers this coming week as volatility seems to have returned to the markets. Thing are up and down and all over the place recently with a slight downward bias. Short term I'm still looking for a modest correction, then the final blow off top going into 2016 and then the " Big One " as Fred Sanford used to proclaim on the old Sanford and Son show. Here are my best prognostications for the various markets. The Dow: Short term down, mid term up, long term way down. Oil: Short term down, mid term down, long term way, way up to almost unimaginable heights. Gold: Short term down, mid term down, long term way, way up to almost unimaginable heights. The dollar: This is the key to everything. Short term up, mid term up, long term way, way down to almost unimaginable depths. The next 4 years will be a traders paradise and buy and holders nightmare. More action to come.
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