True. Long to a level. I am still long some shares but short twice by out of the money naked calls. Long 700 shares and short 20 62.5 and just 2 60 calls.
I am also bearish on the market in general. I say don't trust Tuesday's rally.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
I am also bearish on the market in general. I say don't trust Tuesday's rally.
They will be lowering corporate tax rate.
I found something ...Japanese prime minister Shinzo Abe announced lowering of tax rate by at least 3.3%....
Hmmm. That news is causing a 1000 point surge in the Nikkei....seems like more central bank intervention at its finest.
Zero fundamental improvements in the world wide economies ....all we have left is central banks lowering tax rates...providing unlimited amounts of stimulus and doing anything and everything to keep worldwide markets from collapsing ....
Preaching to the choir man. Just try to find a way to make money until the music officially stops and then try and find a way to make money after that as well.
These guys are collectively going full retard and the end result won't be pretty.
Sure am going to make money on that huge 6%+ rise with CHAU....I bought that around $15-$16 ...sold 1/2 around $18 last week and still holding onto another 1/2 position that I will sell tomorrow after at least a 20% surge...so I did well with that but yea when the music stops al these fun and games will come to a complete halt....but that could be years and years and years away...this game will be played for as long as possible
The game will be played for as long as possible because they HAVE to keep playing it. It's like that bus from the movie Speed - they've overextended themselves to such an incredible amount that can kicking is an utter necessity to avoid the inevitable market collapse.
If there's anything you want to be bullish on its popcorn.
If there's anything you want to be bullish on its popcorn.
Nikkei up nearly 8%
Up 1343 points to 18770...biggest one day gain since 2008....
Futures up again...Dow futures up nearly 200 points. Should see s$p to 2000 by tomorrow or thursday and if everything goes perfectly planned by next week after the fed meets and props the markets up once again with their dovish talk the s$p could easily be back near 2100 like the correction never existed....sit back and collect free money!
ZERO RISK ALL REWARD ALL THE TIME!
Up 1343 points to 18770...biggest one day gain since 2008....
Futures up again...Dow futures up nearly 200 points. Should see s$p to 2000 by tomorrow or thursday and if everything goes perfectly planned by next week after the fed meets and props the markets up once again with their dovish talk the s$p could easily be back near 2100 like the correction never existed....sit back and collect free money!
ZERO RISK ALL REWARD ALL THE TIME!
The funny thing about the Fed is they'd be more apt to hike rates with the market actually being up vs where it was previously with permabulls popping the anti-anxiety meds.
Where I will call double bullshit is if the Fed raises (won't be in September) and the market just keeps on going up. Then we're heading into 1999-land.
Where I will call double bullshit is if the Fed raises (won't be in September) and the market just keeps on going up. Then we're heading into 1999-land.