Gotta love ZERO RISK in the SP500 = $$$

S2007S said:
It amazes me the markets are only about 4-5% off their highs after all the problems and after how many of his staff has resigned....with Gary Cohn resigning I'm really surprised the futures are only down 300 points and not a 1000+
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Looks like you should have sold those levered longs.
 
Nine_Ender said:
Enough of this bs, you are a clown. You have been forecasting a major correction or crash every year for 9 years. When the SPX was 1900 and change, you said a 40-60% crash was imminent. Markets then rallied up 40-50%. You couldn't have been more wrong.

Even in the worst case scenario, US markets would find serious support at that level, the 1900 area on the SPX. Remember, that's where you called for a 40-60% imminent crash. A normal person would own that call and stop with this nonsense; clearly you lack accountability for your words but it's gotten clownish the last two years. Other analysts with a reasonable bearish stance see support on this correction around 2400 on the SPX.

But let's put this to the test again. In a year or two, we can see what actually happens. I remind all readers that S2007S forecast that by 2018 that US interest rates would be negative ( yes, he said that would occur no later then Dec 31, 2017 ) and that the SPX would be in the 900-1300 range.
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I know my predictions have been off, I didn't change my opinion, I'm still sticking to it, I'm still predicting a drop of 50%+++ and negative rates, once the next recession/crisis comes along all talks of any rate hikes will be dismissed...and what will the fed do to create another prop job in the economy?? Negative interest rates will be the only way since rates are still at historical lows the only way will be down and then negative....if rates were at 4%-5%-6% they would have some breathing room, but since rates are still hovering around 1.5% they have nooooo room but to go negative on rates when the next crisis comes along....they waited like fools and have kept rates low for farrr too long. ...so the next collapse should easily drop the s$p under 1200.....market has had an already extended bull run...almost a decade old, and we know bull markets don't last forever so a decade old bull market on top of a crisis, equals the collapse no one in mankind has ever witnessed....
 
S2007S said:
I know my predictions have been off, I didn't change my opinion, I'm still sticking to it, I'm still predicting a drop of 50%+++ and negative rates, once the next recession/crisis comes along all talks of any rate hikes will be dismissed...and what will the fed do to create another prop job in the economy?? Negative interest rates will be the only way since rates are still at historical lows the only way will be down and then negative....if rates were at 4%-5%-6% they would have some breathing room, but since rates are still hovering around 1.5% they have nooooo room but to go negative on rates when the next crisis comes along....they waited like fools and have kept rates low for farrr too long. ...so the next collapse should easily drop the s$p under 1200.....market has had an already extended bull run...almost a decade old, and we know bull markets don't last forever so a decade old bull market on top of a crisis, equals the collapse no one in mankind has ever witnessed....
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50% drop in the stock market and negative interest rates? Can't see that happening.

I can see 35 to 50 % drop at some point with increased interest rates, sure.
 
volente_00 said:
So 10 points made in spreadbet is how much USD
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Depends on how much you choose to trade 'per point'.
Lets use the Dow instead of the spx, as it gets confusing because what the spreadbet firms refer too as a 'point' is usually a tick in the real market.
I just trade for a hobby since I never know where the damn things gonna go (I only have charts/TA which is more or less a coin flip to me), so I trade at just £1 per point on the Dow.
So If I go long the Dow at 25000 and cover it at 25100, i've made 100 points (100*£1 = £100 profit (or about 140 USD))
My dad used to trade £120 per point, so in his case, he'd make £12000 in the above example.

In my real life SPX trade you referenced above, I traded taht for £1 per point and made £100 (because even though it was '10 points' in terms of '10 handles', it was actually '100 points' in spreadbet terms)


volente_00 said:
Are the positions time constrained like American options?
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Not time constrained. It's much more akin to regular furtures trading than options
 
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