The Market Down 200 Points This Week?

W

wallstreetwhale

I was watching Fast Money on Friday and heard a comment that I found a little surprising to say the least. Tim Strazzini was speaking about the broader market and opined that the Dow could be down 200 points this week. Eric Bolling followed Strazzini’s comment by saying that if the market was going to be down 200 or 300 points this week it could be because of higher oil prices. These guys are professional traders. What does everyone else think?
 
Quote from wallstreetwhale:

...could be down 200 points...

These guys are professional traders. What does everyone else think?
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Who cares? Profitable (note I didn't say "professional") traders trade, they don't predict.
 
i went long ES on this + the top story was that the market sold off today because of fear of a correction.

So I'm long for a bounce!
 
Quote from Quark:

Who cares? Profitable (note I didn't say "professional") traders trade, they don't predict.
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That’s a great point Quark. Anyone can predict but can they express that prediction into a profitable trade. That’s what separates the masses.
 
I used to work on the floor with Eric Bolling, nice guy. His trading badge is "RBI", picked because of his baseball stint. His nickname however was

R aging
B ull
I diot
 
Quote from bsparkyman:

200 points! Yawn. Wake me up when we get some action. :eek:
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Take what the market gives you my man.....take what it gives you!
 
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