The S&P 500 topped at 3017.8

[S2007S]

Sixty-three S&P 500 companies have now reported results for the quarter, and according to Refinitiv, 83% ofthem have topped EPS estimates.




And trump wants record low interest rates at 0%%%%%

Now why would we need rate cuts going into the end of the year when corporate earnings are going gangbusters???

83% of companies deporting so far have topped estimates...there is absolutely no need to lower interest rates and there was absolutely no need what so ever for rates to be knocked down 50 whole basis point these last few months.



Sixty-three S&P 500 companies have now reported results for the quarter, and according to Refinitiv, 83% of them have topped EPS estimates.

 

[Overnight]

...there is absolutely no need to lower interest rates and there was absolutely no need what so ever for rates to be knocked down 50 whole basis point these last few months...

Conversely, what was the Fed's need to start raising them from 0.25%, where they had been for nearly a decade?

 

[noddyboy]

Sixty-three S&P 500 companies have now reported results for the quarter, and according to Refinitiv, 83% ofthem have topped EPS estimates.




And trump wants record low interest rates at 0%%%%%

Now why would we need rate cuts going into the end of the year when corporate earnings are going gangbusters???

83% of companies deporting so far have topped estimates...there is absolutely no need to lower interest rates and there was absolutely no need what so ever for rates to be knocked down 50 whole basis point these last few months.



Sixty-three S&P 500 companies have now reported results for the quarter, and according to Refinitiv, 83% of them have topped EPS estimates.

Why? Because he wants to be re-elected. Pretty obvious answer.

 

[Nine_Ender]

Why? Because he wants to be re-elected. Pretty obvious answer.

S2007S sees every decision and motivation in terms of what needs to occur to make his trades profitable, which is completely backwards thinking.

 

[noddyboy]

S2007S sees every decision and motivation in terms of what needs to occur to make his trades profitable, which is completely backwards thinking.

So where do we start?

 

[S2007S]

I dont have Bloomberg access but saw this come up tonight

I'm guessing they had a Robinhood account too
The stories always seem to originate from reddit!!


Markets
A Guy on Reddit Turns $766 Into $107,758 on Two Options Trades
By
Brandon Kochkodin
October 17, 2019, 6:00 AM EDT

 

[volente_00]

Silly 300 spy call buyers lose again when there is Top in play

 

[Nine_Ender]

Silly 300 spy call buyers lose again when there is Top in play

I don't think you've made a cent on your SPY trades in 8 months. Which makes you no better off then the people you are calling "silly".

 

[tiddlywinks]

I don't think you've made a cent on your SPY trades in 8 months.

Yes he has. In the last "selloff" he had a good entry and a "first objective" target was met.
It was a good, well-timed, pre-defined, "trade". You are correct however in that his ultra-bear bias has not come anywhere even close to being correct or profitable: breakeven is doubtful imo, but I have better things to do than to keep accurate score of others LOL, so breakeven is possibly a maybe.

2% off of all time highs presents some nice trade opportunities, but it is not a bear market, until it is. Things that matter will matter when they matter.

 

[S2007S]

Not good news for mondays opening



EUROPE POLITICS
UK lawmakers delay Brexit vote and force Boris Johnson to ask for deadline extension
PUBLISHED 14 MIN AGOUPDATED MOMENTS AGO
Elliot Smith@ELLIOTSMITHCNBC





U.K. lawmakers have voted to amend a crucial Brexit vote which now forces the government to seek an extension to the deadline and delays full approval.

The amendment, introduced by former Conservative lawmaker Oliver Letwin, withholds approval of Prime Minister Boris Johnson’s withdrawal agreement with the European Union until legislation is in place, and was passed 322 to 306.