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There is nothing wrong with sitting on cash and waiting for a buying opportunity. Impatience will eventually cost you dearly. I learned that the hard way in my early days of investing.

So now you're saying that the market can be compared to a coin flip, which is to say that any day or any period has an equal chance of being up or down any given percentage. That is not so. There are MANY variables that factor into how the market performs and when, too many to even list. There...

So you're saying that September being historically the market's worst month is nothing more than mere coincidence, and that this data should not be considered as a basis for trade. I beg to differ, but that's what makes a market. I'll continue to respect the mid-August thru mid-October period in...

Yes, agreed, but the end of a bull market brings overbought conditions. Those pre-crisis highs were overbought conditions, and the final leg of this bull market will bring the same. While it's certainly trade-able, one must understand that they are buying high. Being able to sell before the herd...

You can make a case either way, though I tend to agree...near term correction before the bull resumes. No doubt, though, that there is a bear on the not-too-distant horizon. Always keep some dry powder handy.

What I gather from this awesome graphic, besides that these drops are typically trading opportunities, is that you can go many years without a 5% drop, but they start to happen fairly regularly when they surface and has meant a bear is near. Additionally, the graphic is obviously not updated in...

And I'll be selling him those puts.

It actually lost 2 months of gains in one session.

Fed won't raise pre-election. Never does. It was only a slight possibility if the market stayed at the highs. A December raise is a given.

Been waiting for this! It's September, historically the market's worst month, so any excuse is a great excuse for traders to sell. I raised plenty of cash the past 2 months, so let the bottom fall out and the capitulation begin. Some guru said on Friday 8/21/15 that the decline never ends on a...

That question has now been answered. After a 14 month wait, the summer rally has brought us a NEW S&P all-time high! Love it. It means that we are officially still in a bull market. Most traders weren't too confidant about that. This has been an enormously profitable past 2 1/2 weeks...the...

It's over for now. It will resurface when the summer rally ends in a few weeks. The only question now is whether or not the S&P finally achieves a new all-time high before the carnage. Hope everyone here took advantage of this episode. It was quite the opportunity, indeed!

Who's the adolescent? "A immature"? Convenient of you to skip my post of buying the triple bear S&P in afterhours. I've told you before. This is ELITE TRADER. Go back to the Yahoo boards, where you belong.

If your broker couldn't handle that day, it will happen again one day. You missed a lot of incredible opportunities that morning. Find a quality broker.

RRY16 is just a troll who never has anything of value to add to the conversation. Just ignore the idiot.

Agreed. I may close out my SPXS and SH pre-market. That means that my SPXS position would be opened after the closing bell and closed before the opening bell for a huge gain. I never did a round trip between bells before, though I'm sure many people have.

Careful. While I think this could have legs a few days, initiating a short position with the S&P down 100 points is quite risky. The time to short with confidence has passed. You sold your long position, and you won. Best to not be greedy...

S&P held 2000 at a low of 2003 before bouncing off. After hours took us from 2113 to 2120 (resistance on the upside) to 2003 (resistance on the downside). Quite a ride. 117 point swing on the S&P. My aforementioned bear ETF purchases are looking real good right now.

S2007S, plus 300? You're dreaming. The status quo is not going to get you 300 points. Heck, not even a gain. The title of this thread is "Sell the news". Sounds like you don't know what that time-tested market truism means.

Realistically speaking, anytime the market is below it's all-time high, it is a buying opportunity. Yes, the bulls will get new highs. They always do. Just not yet. Either during earnings season in July, or else late 2016 - early 2017.