My ego is a little bruised this morning.
For months I’ve been saying that the Fed is going to go much higher and much longer than the markets expect. They’ve got a much bigger problem that they need to solve and the markets have not come to grips with that yet.
The S&P will go down to the 2800 level or possibly even 2200 when this is all over. No one knows exactly how far, but it’s got a long way to go, because the Fed has a big problem to solve. But the markets don’t listen to me.
But then billionaire David Tepper comes out and says the exact same thing and the S&P sinks like a rock…
That’s alright. I’ll get over it. At least we’re on the right side of this market. We’ve got lots of shorts on on this market and I pretty good about that.
► For today’s FREE pick, I’d like you to go short Silver.
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