Gotta love ZERO RISK in the SP500 = $$$

Saltynuts · Feb 12, 2018

volente_00 said:
When we stop making lower lows and lower highs

Got it, interesting!

MKTrader · Feb 12, 2018

i960 said:
-45%? Cmon, that's like 1580 guys. I'm on the bearish side of this house of cards but even I don't think we're going to just end a 9 year old bull market (even one based on monetary games) in a month. A more realistic area is 2200-2400 and then we go from there.

Yeah, look at 2007-2009, 2000-2003 or even '73-74....none had a straight drops of 40-50%. They all had corrections followed by rallies. The S&P reached a new high in 2007 after a big drop. It came within 1% of a new high in 2000 after the initial plunge. Unless some huge event happens that we've never seen before, it's extremely unlikely. That's not how big, liquid markets work.

volente_00 · Feb 12, 2018

MKTrader said:
Yeah, look at 2007-2009, 2000-2003 or even '73-74....none had a straight drops of 40-50%. They all had corrections followed by rallies. The S&P reached a new high in 2007 after a big drop. It came within 1% of a new high in 2000 after the initial plunge. Unless some huge event happens that we've never seen before, it's extremely unlikely. That's not how big, liquid markets work.

Cheap money has been meddling in market for over a decade. Show me a time in history money was this cheap and then got taken away

volente_00 · Feb 12, 2018

Rickshaw Man said:
Might wimpy volume so far. Was expecting some real buying.

View attachment 182524

The volume will return when the sellers come back

Rickshaw Man · Feb 12, 2018

I think we are back to the overnight rally.

MKTrader · Feb 12, 2018

volente_00 said:
Cheap money has been meddling in market for over a decade. Show me a time in history money was this cheap and then got taken away

I'm no fan of ZIRP or QE, but "this time it's different" is the worst belief you can have...whether from a bullish or bearish perspective.

Rickshaw Man · Feb 12, 2018

Not a very convincing show by the bulls.

Saltynuts · Feb 12, 2018

Volente, what charts are you looking at? Want to take a look at the same chart if possible. Thanks!

tiddlywinks · Feb 12, 2018

volente_00 said:
Cheap money has been meddling in market for over a decade. Show me a time in history money was this cheap and then got taken away

The big pic isnt about cheap money taken away. It is about who is going to be the buyer.
Why do you think IR are now on masters minds?

Visaria · Feb 12, 2018

I caught the drop in the dow...made back my losses for the day ...most pleased.

Nikkei trade showing a bit of profit...will see if Japan carries it up if cash market opens tonight.