The S&P has topped

The S&P has topped

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Wait a second, now if Trump were to just resign tomorrow the Dow would jump 1000 points????
Really.....so the markets love Trump and his policies yet only 8 months ago the markets feared him winning and were supposed to collapse if he won, yet they jumped and now if he leaves the markets will now jump again with the Dow adding 1000 points....wow you can't make this up. And now Pence would just become president....this is quite amusing....we should just have a reelection.... How about them apples.

    • If Trump resigned tomorrow, Dow would go up 1,000 points: Jeremy Siegel
      • The market rally has been based on the Republican agenda, not the Trump agenda, Jeremy Siegel said.
      • He believes Wall Street would prefer a President Michael Pence rather than President Donald Trump.
      • Tax reform will get done, he said.
      Michelle Fox | @MFoxCNBC
      1 Hour AgoCNBC.com
      [paste:font size="3"]Donald Trumpdrove U.S. markets sharply lower Wednesday, but longtime bull Jeremy Siegel certainly isn't concerned.

      That's because the market rally has been based on the Republican agenda, not theTrump agenda, he said. In fact, he believes Wall Street would prefer a President Michael Pence rather than Trump.

      "If Donald Trump resigned tomorrow I think the Dow would go up 1,000 points," the Wharton School finance professor said in an interview Wednesday with "Closing Bell."
 
CNBC just doesn't F$uking quit with the headlines about not worrying about the selloff, this is how pathetic CNBC is and how complacent everyone has gotten, that a tiny miniscule small little one day sell off is making gigantic headlines, wake the fu$k up....its been nothing but straight rallies and years and years of bull markets, stocks up thousands of percent while the markets are up hundreds and hundreds of percent from their lows and the market has a couple of percentage point sell off and everyone cries like little bitches....cnbc needs to quit with the headlines and get their act together because when the market does go into full blown bear market mode and there is another crisis they won't have any headlines left to calm the investor down especially all those newbies who have never in their lifetimes witnessed a bear market correction....


No one should be too worried about the stock market slide, analysts say
  • The major U.S. averages fell more than 1 percent intraday Wednesday.
  • Traders worried the latest political controversy meant the Trump administration wouldn't be able to follow through on proposed pro-growth policies such as tax reform.
  • Technical analysts generally saw the decline as a shallow pullback.
http://www.cnbc.com/2017/05/17/heres-how-far-the-market-could-drop-in-a-pullback-analysts-say.html
 
Max E. Pad said:
Yep, got to pick your spots though id give it atleast a couple more days to go up before you start in on it, UVXY is better but harder to find shares of that one.
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Can always just go synthetic short but I'd imagine you'll still end up paying borrowing costs indirectly (but one doesn't need to locate).
 
i960 said:
Can always just go synthetic short but I'd imagine you'll still end up paying borrowing costs indirectly (but one doesn't need to locate).
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Not sure if a synthetic short would do much good on these things, Calls on the leveraged volatility instruments trade for next to nothing and puts are often very expensive when UVXY and TVIX are near a top, in general i dont trade options much on these things its just another variable to the trade.

The options have ridiculous prices on these things the further out you go too, and generally if you short TVIX or UVXY to really take advantage of the time decay of them you want to hold it for atleast a month, if you hold it for about a month your looking at a 30-50% gain if the market recovers from the lows, depending on when you started scaling in.

Smart money knows the deal on these things, UVXY was trading at 1250000 on a split adjusted basis 5 years ago, the only thing ive seen that loses value as quick as TVIX or UVXY, is probably that piece of shit DRYS, LOL, so the premium demanded for longer term options on these tends to be pretty ridiculous, especially on the puts. :D

Generally i like just keeping it simple, but Ill check it out though thx for the tip.
 
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Damn whiffed on TVIX too, was hoping we would get a push towards 2330, hope today isnt the end of the great bear market of May 2017. :D
 
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