watch out for a drop in IWM (Russel 2000 ETF). Today's price action will be interesting. Conservative play would be to buy PUT for April. For those who have guts would be to just short it.
I also like shorting ADI. MCD shorting is paying off.
I did not want to be very specific but April 15 expiration and the strike of 116 -117 would make sense. You can also sell 113-114 strike puts to reduce the cost.Which expiration and strike? I prefer RUT options.
I did not want to be very specific but April 15 expiration and the strike of 116 -117 would make sense. You can also sell 113-114 strike puts to reduce the cost.
check out IWM top 10 holdings. Check their P/E and how they are overvalued. Most of them have negative earnings. P/E of 130 is very common !!
Is this worse than 2000?
Investors use 2000 as their benchmark. This perception is not correct. Based on that theory any valuation below 2000 is justified. If that were true, investing would be easy because we would know what could be the trigger point.Is this worse than 2000?
Just posted this to show everyone that the nasdaq is up 285% since the collapse the s$p is up 210 since the collapse, the DOW is up 172% since the collapse, I laugh when people get worried about a correction, how much more upside do you think there possibly is after stocks have rallied hundreds and hundreds and thousands and thousands of percent in the last 6 years, I mean even a small 30% correction wouldn't even knock those gains off .S.