Oct. 17 at 3:50 PM
$XLF $BAC $WFC $SPX $SPY
All year, stating the obvious before the crisis shows up.
Regional bank crisis was predictable. See my Jul 2nd warning (below) about financials.
Still not priced in. All large caps have ZERO risk priced in. S&P is at its most expensive ever. Big banks are not immune.
$SPY will certainly plunge below 600. I'll re-post this obvious call in a few days or weeks.
GLTA
Don't chase price. Chase value and the price takes care of itself.
