Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Ahhh...nothing like another green day in the making.
Dow was red but went straight to green...
This market is no fun to trade. Zero volatility ...I was trading TVIX everyday in October ..there is nothing worth trading now that everything is up 15-85% in 5 weeks. You simply cannot make those type returns in the next 5 weeks ...need a nice 5% correction to start buying. I did however buy some UWTI today based on Thursdays meeting. I think they are going to cut production ...if they don't oil is headed below 65. If they cut oil headed back above 80. So im hearing 80s before 60's so im long only a 1/3 of position in UWTI today after seeing it drop more than 5%...really surprised to see energy holding up ...thought it would drag markets lower. Next purchase is ERX but only under $60. Way overvalued
Dow was red but went straight to green...
This market is no fun to trade. Zero volatility ...I was trading TVIX everyday in October ..there is nothing worth trading now that everything is up 15-85% in 5 weeks. You simply cannot make those type returns in the next 5 weeks ...need a nice 5% correction to start buying. I did however buy some UWTI today based on Thursdays meeting. I think they are going to cut production ...if they don't oil is headed below 65. If they cut oil headed back above 80. So im hearing 80s before 60's so im long only a 1/3 of position in UWTI today after seeing it drop more than 5%...really surprised to see energy holding up ...thought it would drag markets lower. Next purchase is ERX but only under $60. Way overvalued
No, it's more like jumping up and down pointing at other people mint money, while a few throw themselves under the train because they can no longer take seeing so much money being minted.
I say Dow 32897
Were in a 20 year bull market...so 14 years left according to a cnbc article they had here yesterday ....and it seems like there is zero chance of a correction so welcome to 14 more years of gains
He's just telling noobies how impossibly high the market is, implying it's about to turn any minute now. So they need to go short. Noobies are particularly susceptible to this kind of markets and will conclude they need to go short without being explicitly told to do so.
As for why they are promoted to go short, it's just an easy way for the pro's to make some extra money. The messengers may not necessarily know the purpose of their message. They are just paid to disseminate the message.
I am long your post count vs. short SP500 and expect you to trend nicely.