Gotta love ZERO RISK in the SP500 = $$$

I must imagine all you clowns must have got stabbed in the gut by the SP in the last 15 minutes of trading today;

it looked like a relatively smooth ride upwards towards the close...then Boom, out of nowhere...blindsided,

I had a short position around the 11:20am mark...so I had a healthy cushion to ride out any potentially temporary upwards storms,
and as predicted, the market overall went downwards from that point,

What happened to theapprentice (Alan Sugar)...he use to post here daily. -- I miss looking at that little British man's avatar face.
 
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Visaria said:
If dow futures break 24500, then i think there could be a retest of the lows....
More...


Let's keep a lookout on that... possibly this week....

I can say it's very hard to guage this market with all the strong volatility....a hundred point move happens within minutes....and now seeing a 500+ point intraday move seems normal....getting back to fresh highs is going to take alot of patience and time....but in the mean time I still feel there is alot of hot air under this market!!!! Lots of voids to fill.
 
lawrence-lugar said:
I must imagine all you clowns must have got stabbed in the gut by the SP in the last 15 minutes of trading today;

it looked like a smooth ride upwards towards the close...then Boom, out of nowhere...blindsided,

I had a short position around the 11:20am mark...so I had a healthy cushion to ride out any potentially temporary upwards storms,
and as predicted, the market overall went downwards from that point,
More...



Extremely tricky today...all i did today was sell off my UDOW at $97 after buying yesterday at around $85.50. as much as I wanted to add on shorts but didn't...came close with DXD and TVIX ....when the DOW surged at the open I was like yep here we gooo for 500+ on the Dow....then whammm gone....last 20 mins.
 
lawrence-lugar said:
I must imagine all you clowns must have got stabbed in the gut by the SP in the last 15 minutes of trading today;

it looked like a relatively smooth ride upwards towards the close...then Boom, out of nowhere...blindsided,

I had a short position around the 11:20am mark...so I had a healthy cushion to ride out any potentially temporary upwards storms,
and as predicted, the market overall went downwards from that point,

What happened to TheApprentice...he use to post here daily. -- I miss looking at that little British man's avatar face.
More...
Got stabbed in the heart more like. Was short from 2705 and took it off at 2696..
 
They are starting to blame the high leveraged etf funds for this collapse....seems to be the only thing they are talking about....excuses excuses and more excuses....have to blame something for the ride down....can't be just the fact the market is already in a bubble and that it's up over 300% in 9 years after the fed juiced it up....the fed is to blame...not these leveraged ETFs...



S&P 500 closes lower in biggest reversal since February 2016 as rates pop
  • The S&P 500 pulled back 0.5 percent after rising as much as 1.2 percent. The Dow logged its biggest reversal since August 2015.
  • Wednesday's moves come after three volatile sessions in which fear of rising inflation sent interest rates higher, pressuring equities.
  • Traders also blamed computerized trading and sharp moves in obscure volatility funds that use leverage for the market's recent swings.
Fred Imbert | Alexandra Gibbs
Published 11 Hours AgoUpdated 49 Mins AgoCNBC.com
 
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