Bullish
$SQQQ I know we are all upset today. I’m down $25,000. But let’s look at this logically. They cannot continue to pump this forever. Over 6 trillion. The stimulus is priced in, unemployment still hasn’t completely digested, global debt crisis looming, recession, employment climbing, people are scared, nobody in their right minds are going long. Bear trap. Major bear trap. Politicians trying to prop this up as long as possible. Bernanke says we will retest lows. That’s an understatement. Be patient. We are all in this together.
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