Gotta love ZERO RISK in the SP500 = $$$

SunTrader said:
Boy has this thread ... come unraveled.

Bad pun

How about .... markets are Breaking Bad.

:sneaky:
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This thread has seen worse, 57% correction in 2008/09 and 30% just a couple of years ago.

But lets see how bad this bear market gets!

Will it be worse than 2008?
 
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Millionaire said:
This thread has seen worse, 57% correction in 2008/09 and 30% just a couple of years ago.

But lets see how bad this bear market gets!

Will it be worse than 2008?
More...
Although I'm not claiming it is highly predictive but initial swing down in Oct 2007 was a -10.79% move in 31 trading days and this move is -12.39% in 34 trading days so greater in time and price equals not a good sign for rest of the year.
! SPX 2008.png
! SPX 2022.png
 
LOL here is some more - last time $SPX closer than today was 6/18/21 or over 8 months ago.

Pessimism is good when markets are dropping. It might actually get some to think about having stops in place the next time. Or those that have them currently to tighten them. Or still others to not think about catching a falling knife till hits wood ....... or soon thereafter.

+ + +

Keep in mind no one seems to mind the previous 2574 pages of optimism.
 
Covertibility said:
Good Lord the pessimism here! It's normal for a 20% correction to occur following a low volatility year we had last year.
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Low volaitlity last year? The VIX hardly ever closed below 15.

Pessimism?

I remember the last 80% crash in the Nasdaq, wasn't that long ago.

I am actually optimistic, i think we might only get a small 50% correction this time :D
 
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KCalhoun said:
Another green day for me but not up nearly as much as I should be.

SQQQ is the most beautiful chart ever today
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I had a surprisingly huge green day today ( was even higher early afternoon but Oil producers sold off their early gains again ). I'm a little heavier then normal in Gold miners overnight so bit of a gamble I stumbled into. I Gold breaks $1920 overnight it will be lucrative but otherwise I'll be looking to sell some off even if it's at a loss.
 
Here's another cheerful thought :confused: we have already retraced 50% of last year, (on a yearly bar chart basis) which also conveniently lines up with 61.8% projection of the prior move of big one in 2007-2008 4257.xx - 4236.xx zone

Is this a bottom, doubt it.
! SPX year.png
 
from 2012 to 2022...about 10 years stretch....the spy has gained about 221% when spy hit 479 at its high (not counting dividend). now we are about to enter a real bear market. more to drop in the coming days, weeks, or months. year of the bear! let's go...and this time....come join the short party and get paid! don't be the last one to the party!
 
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