The NASDAQ is very, very likely to burst within two years. Over-valuation based on ZIRP and other factors will contribute to add fuel to the fire. We have see the index crack before, and the higher it goes, the further into the abyss it will go.
Price action over the last couple years has be higher, clearly. But, it has be steeply higher with no real consolidation - let alone a significant pullback.
This idea is longer-term (2-3 yrs.), and I fully understand that the index could very likely push higher to the peaks, if price action can break out of the ascending channel. However, in my opinion, there is far more reward to the downside, and I would accumulate long-term short positions and hedge accordingly if needed.
Price action over the last couple years has be higher, clearly. But, it has be steeply higher with no real consolidation - let alone a significant pullback.
This idea is longer-term (2-3 yrs.), and I fully understand that the index could very likely push higher to the peaks, if price action can break out of the ascending channel. However, in my opinion, there is far more reward to the downside, and I would accumulate long-term short positions and hedge accordingly if needed.
