Long or short: The middle class is gone. Fed data shows the top 1% own ONE-THIRD of all US net worth. Do you ride the wave of capital concentration or short the inevitable social backlash?
NDX 100: Last week I posted that a squeeze was coming. Well I was wrong because the put/call ratios did not change as much as I expected. Regardless we ended up higher. I expect a choppy grind higher unless put/call ratios change