A few weeks ago I was talking with someone who had money in a money market account just sitting there, I think it was around $20k-$30k give or take a few thousand, anyway they were asking me where to invest, I said just stick with some dividend paying etfs, I recommended a few.... I also said at that point to not go in just yet and wait for a pull back, this was about a 1000 dow points ago, they ended up going in around the point when the dow was probably in the high 17,000's I knew at that point this market was going to come down hard, here is someone who had money sitting in an account for years and years, all of sudden they decide to get in NOW....They are probably down about 3-4% on that initial investment, think they bought some mutual fund that follows the s&p and dow, so I know for a fact they are down on that initial investment!
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
I suppose that was the purpose of the "PsyOps" buy em ugly spikes higher off of every sell-off over the past several months...Give it the appearance of an unbreakable market...China sells-off, buy US equities, Greek crisis, buy US equities, Junk bonds crashing, buy US equities, Oil crashing, buy US equities...100 pt es range now in roughly 5 trading sessions...
Could this be one of those days where the markets start to come back slowly and by the afternoon its just a full blown rally....will have to wait and see, Sold out of short ETFs the last 24 hours, one being SPXS at $19.30 the other TZA at $12.00, so since I sold those 2 off which I held many shares Im thinking the markets are only going to fall another 5% while those 2 Short etfs zoom higher, we shall see. Im seeing some buying opportunities however still waiting. Was looking to get in on a little TQQQ under $100 for a bounce but on a Friday I think Ill hold off an wait till early next week.
S$P going through 2000.....
DOW off 600 points in less than 24 hours, now thats serious, markets always take the steps higher and the elevator straight down. I thought the break out was going to be to the upside when the markets were stuck in that tight trading range, according to most they said the markets were going to break out, not break DOWN.
DOW off 600 points in less than 24 hours, now thats serious, markets always take the steps higher and the elevator straight down. I thought the break out was going to be to the upside when the markets were stuck in that tight trading range, according to most they said the markets were going to break out, not break DOWN.
I noticed that the past couple of months. no matter what the circumstances were US equities were where to park your money, it seems that was a bad choice over the last few weeks.
I even sold my SPXS yesterday thinking there would be somewhat of a relief rally, nope...and since I sold its up another $1.00 go figure, the last few times I had the opportunity to sell and didn't it fell straight down 3-5% after, this time around I sell it and it jumps over 3%....not cool. Oh well Ill wait for the next 500 point upswing in the dow to add more shorts. I think this market is done with, the continuous up trend I believe is broken and will be broken for quite sometime
Funny how many times the Fed minutes release during OpEx week saves the market...this week it blew it up...
- More screenshots from cnbc!!!!
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