Settles + Tesla
We saw the Zhedge article featuring The Big Short’s Dr. Michael Burry and his ever growing and very exposed short position. For those that want to read into Dr. Burry’s rationale for this positioning, here’s the link, Zhedge- Burry-Tesla
We can’t help but agree with the Doc, yet we also know that in a QE world, valuations are subjective to speculative fervor predicated upon continued free money. So with that said, here is the chart, which you can see, posits a precarious area to continue to push into via late to the party longs:
Combine this with Magnelibra Global Futures Benchmark proprietary charts in particular this one here, well we can’t hammer the alarm bells of caution any louder at this point, we are at Defcon1 as a serious line has been breached:
