Outlook darkens for Wall Street as Biden's regulators take shape

Sig said:
I'll take that bet. How about $500 to the charity of the other's choice; I get to choose, you donate if the SP500 is over 2700 in a few days (let's go with 10 trading days just to be generous, Feb 3rd close) and you get to choose and I pay if its over 2700?
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Only 10 days? C'mon. It took Covid-19 30+ days (weekends included) to trash the market bad last Winter. So by this estimate, SP500 should b near 2700 at the earliest End of Feb not beginning.

Would b traders... Heed this advice. WAR actually makes stocks go up (go read Jesse Livermore for proof). Lack of WAR makes stocks go down. Trump likes WAR. Biden hates WAR. Which direction u think stocks do under Biden presidency?
 
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Pekelo said:
Today the index is up 1.4%, what the hell are you watching? If you are a trader, why do you care about the direction as long as it is moving?
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I hate it when ppl reply without actually reading your posts. I said stocks will begin to crash a few days after the Biden euphoria wears off... Today only day 1 folks!
 
Hunter2020 said:
I hate it when ppl reply without actually reading your posts. I said stocks will begin to crash a few days after the Biden euphoria wears off... Today only day 1 folks!
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Then short it...

The SPX was at 3450 on Election day, if you like history.
 
Hunter2020 said:
Only 10 days? C'mon. It took Covid-19 30+ days (weekends included) to trash the market bad last Winter. So by this estimate, SP500 should b near 2700 at the earliest End of Feb not beginning.

Would b traders... Heed this advice. WAR actually makes stocks go up (go read Jesse Livermore for proof). Lack of WAR makes stocks go down. Trump likes WAR. Biden hates WAR. Which direction u think stocks do under Biden presidency?
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I was just going by the colloquial definition of "a few". I'm happy to go with the last trading day of Feb though. You?
 
I have never heard of a case where a President ppl don't like was replaced with a President ppl like and that automatically generates a ticket for stocks to go to the moon...

All men must prove his worth to the market first!
 
Sig said:
I was just going by the colloquial definition of "a few". I'm happy to go with the last trading day of Feb though. You?
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I'm happy to go with whichever day the market had topped, 30 days later (including weekends) from that date we're at S&P500 2700 pts -- the bottom! Deal?
 
Hunter2020 said:
I'm happy to go with whichever day the market had topped, 30 days later (including weekends) from that date we're at S&P500 2700 pts -- the bottom! Deal?
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That's so completely different from your earlier statement of "Here's my bet. Once all the Biden euphoria is over in a few days, SP500 will crash NOT to 3500 but 2700." that its not even in the same universe!

So here's your actual bet: "At some point, could be years from now, the market is going to peak. It will then fall to 2700 (but no lower because that's the bottom) 30 days later"? That's asserting something completely different, that when we have a correction it will be of a certain magnitude rather than that we will have a correction "in a few days" of a certain magnitude. And of course without defining what "topped" means its not falsifiable. The market went from 3858 down to 3700 and then flat? Let me guess, 3858 wasn't the "top" then amiright? That was just a pullback. Oh, it went down to 3500 then moved sideways for 30 days. You'd assert the same thing I'd guess? It went down to 2700? Well that was a crash, for sure!

Funny how much different revealed preferences are from stated preferences when actual money is on the line, isn't it?
 
Sig said:
That's so completely different from your earlier statement of "Here's my bet. Once all the Biden euphoria is over in a few days, SP500 will crash NOT to 3500 but 2700." that its not even in the same universe!

So here's your actual bet: "At some point, could be years from now, the market is going to peak. It will then fall to 2700 (but no lower because that's the bottom) 30 days later"? That's asserting something completely different, that when we have a correction it will be of a certain magnitude rather than that we will have a correction "in a few days" of a certain magnitude. And of course without defining what "topped" means its not falsifiable. The market went from 3858 down to 3700 and then flat? Let me guess, 3858 wasn't the "top" then amiright? That was just a pullback. Oh, it went down to 3500 then moved sideways for 30 days. You'd assert the same thing I'd guess? It went down to 2700? Well that was a crash, for sure!

Funny how much different revealed preferences are from stated preferences when actual money is on the line, isn't it?
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You're good!
 
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