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Isn't the basis for the entire short theory we all believe in that MOASS will be triggered by overleveraged shorts getting margin called? Alot of people are saying this market meltup will trigger MOASS, but a lot of us believe 💥 represented the market implosion followed by 🍻.
The election euphoria is reaching a frenzy in the markets, although fundamentally we know the markets are overpriced. Several billionaires and hedge funds are starting to hold large amounts of cash as smart money sees the impeding correction. Several factors can trigger a correction, including eventually companies reporting lower earnings due to discretionary spending taking a hit. We shall see how the upcoming holiday season goes, but I think the eventual inauguration next year will be the "sell the news" moment and trigger the implosion.
Different school of thoughts here and I know nobody knows how this will play out. Fingered crossed we are witnessing the beginning of a financial revolution.
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