I saw an interesting theory saying this week's selloff was partly due to all those sports gamblers who entered the stock market - they finally pulled their money out this week because NFL season is starting.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
I saw an interesting theory saying this week's selloff was partly due to all those sports gamblers who entered the stock market - they finally pulled their money out this week because NFL season is starting.
Like someone said in that tweet thread, a 4-5% correction and people go flying out the door.
Hmmm
‘Very abnormal’ trading pattern suggests more market pain is coming, BTIG’s Julian Emanuel warns
https://www.cnbc.com/2020/09/14/this-is-no-garden-variety-pullback-btigs-julian-emanuel-warns.html
BTIG’s Julian Emanuel warns another deep market pullback is coming despite Monday’s comeback.
The firm’s chief equity and derivatives strategist sees evidence in trading activity that retail investors are still over-exposed to the market’s high flyers.
“Rather than fear being priced in the options market, there’s fear of missing out. The price of out of the money calls, as was the case throughout August, is still trading at a premium to the price of out of the money puts,” he told CNBC’s “Trading Nation” on Monday. “That is a very abnormal position.”
According to Emanuel, the situation indicates frothy sentiment.
“That tells us that the public is still very committed — as are the large institutional investors,” he added.
................
‘Very abnormal’ trading pattern suggests more market pain is coming, BTIG’s Julian Emanuel warns
https://www.cnbc.com/2020/09/14/this-is-no-garden-variety-pullback-btigs-julian-emanuel-warns.html
BTIG’s Julian Emanuel warns another deep market pullback is coming despite Monday’s comeback.
The firm’s chief equity and derivatives strategist sees evidence in trading activity that retail investors are still over-exposed to the market’s high flyers.
“Rather than fear being priced in the options market, there’s fear of missing out. The price of out of the money calls, as was the case throughout August, is still trading at a premium to the price of out of the money puts,” he told CNBC’s “Trading Nation” on Monday. “That is a very abnormal position.”
According to Emanuel, the situation indicates frothy sentiment.
“That tells us that the public is still very committed — as are the large institutional investors,” he added.
................
Confused. Which was the "deep market pullback"? The 10% drop in Nasdaq since the Thursday before the holiday, or the 35ish% drop over 6 weeks from Feb through March?
Even though I am long, I sometimes wish the market would just plummet straight down 90 percent and get it over with already so we can shut up all these blowhards. Let's trigger the 20% breakers every day in the first hour of the trading day for the next 10 days. Just get it OVER WITH! UGGGG!
I'm the other way. I say let's get these markets up another few thousand percent in the next 5 years and get the fed rally done and over. Fed announced today they are on hold until 2023...really 2023? Thats a lie. They are on hold forever. Rates aren't going anywhere. Why ruin a perfectly good bull market. Got another 30-40 years left of this non stop bull market so that 90% plunge is just never ever going to happen.
The contracts have rolled, days ago. How are your risk free overnight longs doing? Mine are doing peachy! (In other words, not).
Oh, you probably blew out again on your 5-10 contract e-mini trades with no stops in sim. When will you try it with micros with real money, to get a taste of what it feels like here in the real world?
The only reason I would buy these dips of 2 to 3% is because of a high chance of a stimulus bill. Im telling you this will come out and rally the markets to new highs. I wish they would just get this stimulus bill out of the way because it is coming soon. Any minute it could come, and when it does the markets will rip upppppppp. Unless the stimulus bill is a weak 1 trillion bucks then maybe not but anything above 1.5 trillion and I think an easy 5% week rally.