It might sound like one of my typical headlines but it's not. Here is the article of the same name. It contains all kinds of reasons why the shares are crashing, all of them are incorrect conventional knowledge. The shares are crashing because the global credit is peaking and contracting and we live in a debt-driven economy. When the credit crashes, the economy crashes. And when that happens, theme parks like Six Flags and Seaworld are the first to get hit. Want to see what a 3rd of a 3rd down looks like? Feast your eyes on the Seaworld chart below. This is why buying puts into the teeth of a 3rd of 3rd is a good gamble.
Thursday, August 14, 2014
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