![30Y Treasury Yield [1230x673 - 104KB]](https://pic8.co/sh/U9p0PF.jpg){kind=link}
The markets seem to only be driven up or down by their narrative of the day. I wonder if they will make fear over these yields soon.
They've already been doing it, that's why the NASDAQ has been shitting the bed lately. Recovering now a bit.
I think the NASDAQ has been down lately was due to tech stocks taking a slight hit, ie TSLA.
The Dow is currently near all time highs, I can't even figure out what news is driving it up.
I really wish I could buy the right puts at the right time and then buy the dip to get super rich.
The DOW has been up as people move from high P/E growth stocks to reopening plays and cyclical stocks which have a positive cash flow (post profits, pay dividends). Also a lot of the COVID stay at home stocks were listed on the nasdaq and people are moving away from that.
It's tricky buying puts. I do well selling puts and then selling covered calls (search 'stocks the wheel' on JewTube if you're not familiar'.
I bought the dip hard last March, so it has been my best market year ever. But generally it is very hard to time the market.
Right now I'm staying 30 to 40% cash, because I don't trust this market one bit right now.
(post is archived)