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Time to take out some insurance against US stock markets says Alto Capital's Tony Locantro

Tony Locantro, from Alto Capital, says he is telling his clients to take out some insurance against the value of the Dow Jones and S&P too, which he believes are at ‘stupid’ levels. Clients are making massive returns, he says, I am recommending they buy short-side ETFs with the plan to triple or quadruple their money when US indices fall. “I’m not going to sit here and watch markets fall, I’m going to make money out of it,” he told Proactive. Locantro added the fall in gold and silver this week reflects extremely volatile markets as speculative money flows into the two commodities and at some point, there was bound to be some profit-taking. The fundamentals are that the state of the world is terrible, he adds.

Quick facts: Hammer Metals Ltd.

Price: 0.041 AUD

ASX:HMX
Market: ASX
Market Cap: $25.88 m
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