I read Fed officials commentary and am dumbstruck that they want to print more money because unemployment is too high. Since when does printing money cure unemployment? We have been printing money for the past 15 years and unemployment is at Depression levels. What do you call somebody who does the same thing over and over and expects a different outcome?
I don't believe this will end well but the key is not to be too early in fighting it. I am short the SPY 117 Calls expiring next Friday. If they are exercised that would put me in a slightly net short position and I am fine with that. I am starting to see giddiness.