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As Markets Grind Higher, Choose Preparedness over Predictions

Oil and Dollar Expected to Slide FurtherAs Markets Grind Higher, Choose Preparedness over Predictions - The Bubba Show
Todd "Bubba" Horwitz on Liberty Talk FM - Image Rotator Photo

BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: May 16, 2017

Complacency Remains Strong on the Street

Today on The Bubba Show, Bubba discusses how the fear is gone, while the belief on the street is that the markets will never go down again. North Korean ransomware evidently means nothing to buyers who just want to pile into the market. The VIX is going to make an all-time low as Bubba has predicted for the past couple of weeks.

The system is a mess and no one cares. Markets are as complacent as they can be. There is no growth and yet, buyers cannot get enough. Complacency is at epic proportions, meanwhile creating a vacuum to the downside when the time comes.

There is no way to know when the market top will arrive, but it will be here and the longs will get toasted. The volume we see in markets today is retail money, the commercials are letting them buy as they sell. Short positions are at record numbers for banks.

Bubba explains that you cannot fight the market and you should not try unless you plan to lose big. Bubba urges traders to be aware of what is going on and be prepared to react, because predicting is a sure way to lose. Markets are dull, which means a grind higher, be ready to react to the turn.

 

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Todd Horwitz began his career in the financial industry as an option market maker at the Chicago Board of Options Exchange in 1982 and was one of the founding traders in the SPX pit. He is an active member of the am currently a member of the Chicago Board of Trade.

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