Gotta love ZERO RISK in the SP500 = $$$

[Rickshaw Man]

At the highs of the session cry's CNBC....Lunch crowd are feeling good as the markets are green across the board....When you know how the game is played it sure makes it easy....SO EASY A CAVE MAN CAN DO IT.

 

[jimmiebarton]

At the highs of the session cry's CNBC....Lunch crowd are feeling good as the markets are green across the board....When you know how the game is played it sure makes it easy....SO EASY A CAVE MAN CAN DO IT.

you out here, or long still?

 

[jimmiebarton]

BS

i may not get out at profit, but i'll get out lower

a fib here 17350 just above 23.6%

 

[S2007S]

Same thing back in 06-07...it dropped something like 60% during the 07-08 crisis. Now look at grains, etc...more carnage there.

I'm wondering why prices of food and services overall haven't even fallen one bit even though commodities are below 2008 financial crisis levels....

 

[S2007S]

After selling my XIV and SPXL this morning they zoomed up, just recently sold DIG at $40.30 since I know a break of $40 on oil is coming and bought more NUGT around low $4's
My JDST is flying high today..

 

[der_kommissar]

I'm wondering why prices of food and services overall haven't even fallen one bit even though commodities are below 2008 financial crisis levels....

yeah, it's always the same formula for the consumer...heads they win, tails you lose...

Look at Starbucks as an example...Coffee prices plummet, they raise drink prices...if/when coffee prices spike higher, they will just raise prices more frequently...Obviously there is a reason that some of these companies are making record profits...it's also part of the reason that millions are getting killed by ZIRP.

 

[jimmiebarton]

yeah, it's always the same formula for the consumer...heads they win, tails you lose...

Look at Starbucks as an example...Coffee prices plummet, they raise drink prices...if/when coffee prices spike higher, they will just raise prices more frequently...Obviously there is a reason that some of these companies are making record profits...it's also part of the reason that millions are getting killed by ZIRP.

well, thank you henry blogget.

BTW, you in a trade here?

 

[Nine_Ender]

..my portfolios are weathering this downturn very well. ....

Translation - you are losing a fair bit of money in essentially flat markets. Your UWTI position is down a lot, you started buying at $2.90, refused to honour the strong downtrend and added around $2.20. It's now $1.07. None of your recent "winners" could possibly make up for this one bad trade.

And I don't know that 'downturn" you are referring to, US indexes are flat all year.

 

[der_kommissar]

well, thank you henry blogget.

BTW, you in a trade here?

I play options spreads, but I put on a few back between 2082-2085. Was trying to leg into them on a pullback, but the ranges were too small...

 

[der_kommissar]

And I don't know that 'downturn" you are referring to, US indexes are flat all year.

Depends on the "index". Dow under 200dma, Russell2000 under 200dma...Nasdaq outperforming and S&P stuck in the middle.