SP500 DOWN to 2500 and then to 2200

[SunTrader]

Wow an epic collapse all the way back to where it was...12 months ago.

S&P currently ... is not really much higher than the 2018 high. For such a bull market you would think it would have doubled or such nonsense the way the media and others are spinning it.

I don't foresee any sizable drop anytime soon (although things could change quickly with just a tweety or two), if we had a drop to 2200 that would be substantially below 2018 levels.

 

[maxinger]

when market hit record high,

news reporters will start to forecast end of the world,
and
Kamikazae traders will come in and go against the grain of wood, against the flow of river,
against the herd direction.

 

[Overnight]

S&P currently ... is not really much higher than the 2018 high. For such a bull market you would think it would have doubled or such nonsense the way the media and others are spinning it.

I don't foresee any sizable drop anytime soon (although things could change quickly with just a tweety or two), if we had a drop to 2200 that would be substantially below 2018 levels.

It will happen, because I am long the market in MNQ looking for 12 points. It is the way of things.

 

[GlobalMacro90]

Exactly the sentiment ... right before the dot bomb.

BTFD. Ok it dropped, now what do we do? BTFD again. Ok it dropped .... again. Now what? Rinse, repeat till the bottom comes and all the BTFDippers are out of the market. Till the next time.

Thank you to all those who only go long.

Im not saying the market cant crash, or that BTFD will eventually fail. But come on. We need SOME evidence. Currently we are sitting at all time highs, just about the most bullish thing that can happen. Shorting this, or ill go as far as saying not being long, is dumb.

Or you can keep fighting the tape and losing money I guess.

Perma Bear : The Fed is manipulating the market, I am short
Me : Which way is the Fed manipulating the market?
Perma Bear : Up
Me : Shakes head and laughs

 

[SunTrader]

Im not saying the market cant crash, or that BTFD will eventually fail. But come on. We need SOME evidence. Currently we are sitting at all time highs, just about the most bullish thing that can happen. Shorting this, or ill go as far as saying not being long, is dumb.

Or you can keep fighting the tape and losing money I guess.

Perma Bear : The Fed is manipulating the market, I am short
Me : Which way is the Fed manipulating the market?
Perma Bear : Up
Me : Shakes head and laughs

Agree. Except at some point just because the fed and their cohorts keep printing doesn't mean it will continue to work. Of course if it an't broke don't fix it but new ATH's are meaningless as far as I am concerned. What it did yesterday means shit as far as what it will do today (tomorrow 930am). "Everyday is a new day"

 

[SimpleMeLike]

In the next few years, SP500 makes a SHARP and VIOLENT drop down to 2500 first and then 2200.

What do you think? What are the odds of this happening?

orbit23,

I am long and very strong the S&P 500 index and up 29% year to date. Very easy money made this year without doing any research or thinking or nothing or talking. Just buy buy every pay day.

My mom is up 29% year to date as well, and she does not even own a computer and hates the internet and doesn't even follow politics or any of the pony and clown show.

Pretty easy money

If you can beat them, join them. Go Long my friend.

 

[orbit23]

orbit23,

I am long and very strong the S&P 500 index and up 29% year to date. Very easy money made this year without doing any research or thinking or nothing or talking. Just buy buy every pay day.

My mom is up 29% year to date as well, and she does not even own a computer and hates the internet and doesn't even follow politics or any of the pony and clown show.

Pretty easy money

If you can beat them, join them. Go Long my friend.

View attachment 215392

Turn off you emotions, imagine as if you didn't have a single penny invested in the stock market. Now re-read your own post. How does it sound like? Phrases like "Pretty easy money" And the fact that your mom is up 29% in a year?
Does that sound a bit too good to be true?

Also consider the fact that 90% of the market participants lose money in the stock market.

You probably won't listen anyway, but maybe screenshot your post and come back to it in a year or so.

My intentions are only good, but we usually only learn through mistakes, so i guess it's just something you will have to go through yourself.

 

[_eug_]

90% of active day traders lose money.... buy and hold for long term and DCA does not.

 

[SunTrader]

... buy and hold for long term ...

If you happen to time it correctly (most can't) or live and hold long enough.

But then again that is true of most other non-commodity based investments, such as real estate, art, rare objects etc.

 

[SimpleMeLike]

Turn off you emotions, imagine as if you didn't have a single penny invested in the stock market. Now re-read your own post. How does it sound like? Phrases like "Pretty easy money" And the fact that your mom is up 29% in a year?
Does that sound a bit too good to be true?

Also consider the fact that 90% of the market participants lose money in the stock market.

You probably won't listen anyway, but maybe screenshot your post and come back to it in a year or so.

My intentions are only good, but we usually only learn through mistakes, so i guess it's just something you will have to go through yourself.

Good Morning orbit23,

The chart below is the daily ES, I posted it instead of the SPX for clarity of the S&P500 index.

Questions:

1. Which way is price moving on the chart?


My Answer:

1. The price is moving upwards, if I had $0.00 in my investment account, and i wanted to invested $50, 000 in the market, I would be a COMPLETE dumbass to not split that money in half and buy long right NOW. I mean a really complete DUMBASS.

People talking about market crash is just flat out ignorant to me. The goal is to make money, and we want easy money, not hard money.

As I said before, it's best to keep things simple and just do what common sense tells you to do when it comes to investing.

The market is going up right? So just buy. It's a pretty simple decision to me.