Thread by @DougKass

Coming on @realmoney tmrw

Was Last Week The "Beginning of The End" of the Virtuous Stock Market Cycle?

* A river is generally easier to channel than to stop.
* But these are not typical investment times.
* Given the unusual nature, artificial/distorted conditions and outside

influences (Softbank, David Portnoy (@stoolpresidente), Robinhood et al) -- Wednesday may have marked the end of the "gamma squeeze" and a possibly important top in the major market indices for some time to come.
* It is clear to me that speculators are not only playing with

fire, they’re still dancing (with apologies to Citigroup's Chuck Prince) in the midst of a firestorm of speculation and uncertainties.
* While I covered nearly all my shorts in Friday's "whoosh" lower I remain pessimistic on the market outlook over the balance of the year.
* I

plan to re short strength if a rally develops over the near term.
* The Nasdaq and other popular 2020 market leaders (which includes FAANG plus MSFT and many other high beta equities) seem especially vulnerable.

“If he can only perform good or only perform evil, then he is a

clockwork orange—meaning that he has the appearance of an organism lovely with colour and juice but is in fact only a clockwork toy to be wound up by God or the Devil.”
- Anthony Burgess, A Clockwork Orange @jimcramer @tomkeene @SquawkCNBC @cnbcfastmoney @MelissaLeeCNBC

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