Interactive Brokers’ Thomas Peterffy sees the S&P 500 dropping nearly 20% from here

[ktm]

didn't he say that 10% ago?

I believe you are correct. I also like to remind people that Peterffy didn't make his fortune predicting the direction of the market. He made it by giving all of us a tool and charging us to try and predict the direction of the market every hour of every day.

 

[Scataphagos]

IMV Petterffy is an optimist, unfortunately.

 

[TrAndy2022]

...and so does he go short on his own stock IBKR then too ? In case IBKR goes bust he can hedge it with huge amount on puts on his stock. So he does not go poorer at the end of story.

 

[murray t turtle]

When I see him YOLO his entire net worth into SPX puts, I might believe it......

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LOL\ i would not believe it then;
but IBKR was smart enough to get out of options market making in 2017. He maybe right.
And if he was way to optimistic [OCT\19/22\
he is still right on ad of him riding a horse around a herd of yellow cabs.
Punchline = ''NEVER chose an ordinary investment vehicle/.
Not a stock tip or prediction,

 

[FreeGoldRush]

I buy assets when they are on sale. That has worked for 70 years; sometimes better than others. But at no point did you lose too badly with this strategy. Over indulging in opinions from people who get pay to give them results in confirmation bias.

 

[murray t turtle]

I buy assets when they are on sale. That has worked for 70 years; sometimes better than others. But at no point did you lose too badly with this strategy. Over indulging in opinions from people who get pay to give them results in confirmation bias.

%%
Agree+ mostly right\ but the metals dealer, said she had not bought much gold this year; i could see plenty of copper, bargeloads of rusty metal + steel.......................................Some are is sure selling stocks + ETFs, some would have to make money with the law of averages, most likely.
Havent done a study on IBKR stock lately,

 

[The_Krakenite]

I can only assume that 20% isn't factoring in the default of the UK, which will most likely suck down North America with it into the vortex of the black-hole...

 

[FreeGoldRush]

I can only assume that 20% isn't factoring in the default of the UK, which will most likely suck down North America with it into the vortex of the black-hole...

The answer to this is central bank money printing. Are you talking real terms or dollar terms? In dollars it won't happen. In real terms it just may.