Gotta love ZERO RISK in the SP500 = $$$

recession2016 said:
they do, but everybody is expecting lower lows, which should lead to a bounce at least in the short term
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Maybe, but I'm not interested in trading reactions, the primary trend is where the money is made.

“Nobody can catch all the fluctuations.” - Jesse Livermore
 
noddyboy said:
Do you daytrade your 401k or is this more of a multi-month view? I always find my 401k does the best of all my accounts!
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Definitely don't day trade it lol it is way too slow and most have fees for exiting and entering the funds more than once in a certain time period, but yes more of a multi-month view. I exited almost all stock holding back in July, and have been buying back in now on dips.
 
It definitely has the same vibe as the market peaks back in 00 and 07/08...namely the squeezes are swift, illiquid and as soon as it starts to retrace, the moves fall apart and roll over...it really can't be traded with the same mindset as the bull phases, it has a completely different personality.
 
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1750 seems reasonable...and I do believe we re-test the 2007 highs back in the 1550 area (and who knows from there)...as a rule I won't short into extreme weakness and so my "inventory" of puts is lower than I would like, but the markets always make it that much harder to get short where we would "like to"...i.e. the FOMC announcement when options spreads went bonkers and we briefly touched the major resistance levels (Russell/IWM) and probably SPX/SPY...I think the Nasdaq will have to play catch up at some point, but so far it seems that all the high beta folks have been hanging around in that area hoping that the Fed says something to rally the hell out of those stocks again..finally saw some beginning capitulation yesterday in the momo names that are really prime for a large sell-off.
 
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