Thread: retread's Account Talk

Went to 80% G before the huge drop this week thankfully based on Transports (DJT) rolling over. They are still struggling as is the rest of the markets and I think there are bear flags forming on multiple charts, so I moved to 100% G today.

I am wondering. A lot of crashes start with a trickle and then morph into something bigger. Could this GameStop frenzy be the first crack in the rising wall or worry we've seen in the past 3 months? I keep thinking about the Kennedy story where he got a stock tip from a shoe shine boy just before the 1929 crash. That's when he sold everything. The VIX remains high! Could this kid-frenzy with GameStop and others cause more institutional nervousness and a start of massive selling?

Originally Posted by retread

I am wondering. A lot of crashes start with a trickle and then morph into something bigger. Could this GameStop frenzy be the first crack in the rising wall or worry we've seen in the past 3 months? I keep thinking about the Kennedy story where he got a stock tip from a shoe shine boy just before the 1929 crash. That's when he sold everything. The VIX remains high! Could this kid-frenzy with GameStop and others cause more institutional nervousness and a start of massive selling?

You may be correct, hopefully next week will tell you a more