Yep long. I'll commit to 50 es at some pt.In the short term were pricing in an end to life by summer. Us tracking at 1% death rate only. Down 38.5%(by futures tonight) Almost 40% of the value of the mkt in the last 136 yrs is gone in 30 days
We have some initial evidence that the crisis in Italy has peaked. We'll need a few days for confirm.
That was fast. The last two Sundays where the market went limit down in ETH had follow through below in RTH going limit down 7 % on the RTH Open. In fact, the last two Mondays closed down - 12.51 % and -13,18 %. 10 % down from Friday's Close takes us to 2055 by end of tomorrow. It's quite possible it happens tomorrow too.
I'm talking short term my friend . Over the coming months wouldn't surprise me to see 1500-1800. Nothing goes straight down . Shorts are stacked to the sky.
See my post above. You're basically fighting momentum and the script from the last two Mondays doing this. You're an experienced trader, but this seems risky as hell to me, unless you can sit through considerable heat on the inevitable bounce somewhere down the road. Like I said before the weekend - the US is only now catching up with Europe in this crisis. It's not just about death rates, but the very fact that the world economy just stopped moving. S&P is only down 36 % as of the current price. Past crisis have done worse than that.
Yeah, much faster to jump out the window than to ride the elevator. No, no, after you. Please, I insist.
STFU B1.... you're acting a fool. Peoples retirement pensions are now in the balance. You think we're gonna get a fucking bounce and hit all time highs again? You're fucking blind. This is no joke dude. Your fucking "Izzy Bottom" just got shattered. Yeah you'lll get a spike... if you've ever traded you'd know the biggest spikes happen during recessions/bear markets... the point is buddy... our country in some deep shit. The house of cards has collapsed... snap the fuck out of it and quit acting fucking stupid. Ban me from this thread if you're so inclined, but at least I speak the fucking truth. Peoples lives are in the balance bud... and you act like a fucking idiot who could care fucking less.
But there's one important difference. With past crashes, there was a series of breather in between. For example, in 2000, there was a 6-month chop before it resumed lower. With this one, we're literally falling off the cliff with no break.