Kaminis Predicted the Stock Market Crash & is Warning Again

5-DayChart of SPY at Seeking Alpha

In the last few reports authored before I left for my vacation roughly two weeks ago, I presciently advised investors to: avoid new stock purchases even on dips in the market; move heavily to cash; and to hedge risk with a volatility instrument. As a result of my own bet on risk, I turned an important percentage gain last week as most investors saw portfolio values decline sharply. With consideration for my near 6,000 followers, I thought an update would be appropriate at this critical juncture to advise investors of how I’m thinking about things now and what I’m doing and preparing to do next.

In the days preceding the stock market correction, Kaminis warned followers via a series of reports.

• August 19-24 - Stock Market Crashed 11% 
• August 18: Minefield of Risk (Recommended preparation for imminent market correction)
• August 13: Investors Dilemma – Do Not Blindly Buy the Dips Any Longer 
• August 12: One Security to Save us All (Recommended purchase of VXX volatility investment instrument as a hedge against market correction)
• August 10: The Herd is in a Hurry to Get Butchered (Advised investors not buy rallies)
• August 9: Warning on Stocks – Keep Your Powder Dry (Suggested investors go to higher levels of cash)

See what I'm suggesting investors do next here: Investor Who Predicted Stock Market Correction of 2015 Has New Warning 

Article interests: SPDR S&P 500 (NYSE: SPY), SPDR Dow Jones (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), iShares Russell 2000 (NYSE: IWM), iPath S&P 500 VIX (NYSE: VXX), Vanguard Total Stock Market (NYSE: VTI), SPDR Gold Trust (NYSE: GLD), PowerShares DB US Dollar Bullish (NYSE: UUP), Direxion Daily Gold Miners Bull 3X (NYSE: NUGT), iPath S&P GSCI Oil (NYSE: OIL).

Disclosure: Kaminis is long UUP, NUGT. Kaminis is short OIL & is hedging long bets in NUGT & UUP with minor short positions in each due to expectation for volatility. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.