Google haters, China haters, SubPrime shocks and internet bubble talk all perfectly cocktailed for the seasonal October swoon. NOT!
Maybe we get an October Stock Market Crash…to the UPSIDE!
Seems too easy to me to bet on the downside here. Everybody with experience has seen bad October’s. I think bad August’s are the new October. Maybe even a bad December this year when everybody is giddy that we get through October, but October this year looks like a laydown to the upside.
Looks like the options market players are convinced a crash is coming . I am pretty convinced they are wrong and will lose their premium and hedge money.
I just think that we got our ‘Crash’ early this year…like August. Nobody is expecting upside surprises…like Google buying Ireland for starters .
I am not making side bets one way or another, or hedging, just sticking with my longs.
Fingers crossed and salt over my shoulder though just in case :) .
Disclosure – Long Google and crank calling bears.