It's over. Historical bull run has come to an end.

[S2007S]

Why leveraged ETFs instead of futures?

Would trade futures, but dont have it setup and would only trade mini futures....have looked into it but havent found it easy to find a broker or platform.

 

[S2007S]

Oh, you are talking retirement accounts and investing. I was just thinking along the lines of short-term trading. :-\

Oh short term trading as well but now since I have a sizable retirement account I hedge against that with my trading account. Was up about 3% before the collapse, then this weekend almost down 9%. Today up 3%. Once I rally back up to where I was prior to the collapse I'm going to switch it to bonds and wait it out for the next big drop.

 

[farmerjohn1324]

Would trade futures, but dont have it setup and would only trade mini futures....have looked into it but havent found it easy to find a broker or platform.

TradeStation?

 

[ironchef]

I am glad I listened to @dozu888. Drinks on me @dozu888

 

[S2007S]

I am glad I listened to @dozu888. Drinks on me @dozu888

He gets credit for one day of gains? Will I get credit when I say the s$p is going to drop below 2800

 

[kashirin]

I agree.

But it wouldn't surprise me if there were a couple days this week that are as bad as last week.

It also wouldn't surprise me if the market was flat or positive for the week. Which is why I have no money in markets because I don't know I won't lose it.

I'm pretty sure the panic over the coronavirus is exaggerated, but I don't know if the markets will react that way short-term.

My opinions (even if correct) don't move the market unfortunately.

Current death rate for 70+ folks is 15%
If it settles just to 5% and virus stays which looks like is going to happen
it will entirely change many industries - cruises will shrink dramatically
airline will be affected
Boeing might not even recover if air travel will decline. and it will
most live conferences will become teleconferences

whole service economy might go bust

retirees will need to find a new way to entertain themselves

For now it has a chance to be the worst crisis of this century

10% off from bubble levels it's definitely not panic given circumstances

let's wait for the next earning season and instead promised 10% earning growth and see outright losses

then buyback likely will stop and then we see how many printing can support stock market

I say 2000 on S&P is not unrealistic within a year
without insane money printing I would think it would be at 2009 levels

 

[Overnight]

Would trade futures, but dont have it setup and would only trade mini futures....have looked into it but havent found it easy to find a broker or platform.

*chokes* Dear lord. You don't see this world through the lens of futures? No wonder you are blinded by the dark. As for a broker and/or platform for trading futures, they are all around you, like mitichlorians. Just use The Force™

 

[Deez]

I am glad I listened to @dozu888. Drinks on me @dozu888

What am I missing? Did he make 8 other calls? Here was master’s call this morning. Truly awful:

 

[iprph90]

The whiff of a brokered convenation.....3150-3250 possible EOW.

 

[farmerjohn1324]

Current death rate for 70+ folks is 15%
If it settles just to 5% and virus stays which looks like is going to happen
it will entirely change many industries - cruises will shrink dramatically
airline will be affected
Boeing might not even recover if air travel will decline. and it will
most live conferences will become teleconferences

retirees will need to find a new way to entertain themselves

For now it has a chance to be the worst crisis of this century

10% off from bubble levels it's definitely not panic given circumstances

let's wait for the next earning season and instead promised 10% earning growth and see outright losses

then buyback likely will stop and then we see how many printing can support stock market

I say 2000 on S&P is not unrealistic within a year
without insane money printing I would think it would be at 2009 levels

The virus spent a few weeks infecting an average of 3000 people per day in it's epicenter.

The total in Italy is about 2000. There is nothing to suggest that any other part of the world will get as bad as the original epicenter, which has already massively slowed down.

Worst crisis of the century? Worse than WW2? Lol. Or you mean worst stock market crash? Well stocks were overvalued anyway and stocks don't measure the economy.