We should have a "BREXIT" every week...the Dow would be at 20000 by end of July and 30,000 by end of the year.....futures up nearly 200 points just going into the voting process......everyone knows they are staying. This should boost the Dow 500 points by Friday. Yayayayayayayayayyayayayyayayayayayyayaayyyyaayyayayayyyayayayayayyyyayayayayyyyyyyyyyyyyyyyy
Only on this fantasy thread does the market move. The spoos have been dead money for 18 months. Leave it to ET to focus so much time on the only market that actually doesn't move. Meanwhile in currencies, bonds, energy....
You seem to like to make predictions about where the S&P will be headed on your own thread...Or are you just looking for attention by trying to beat this point to death here?
Ugh....on my thread we talk about cotton, coffee, sugar, corn, currencies, energy, metals, stocks and yes, sometimes the overall market. The difference is, we use the overall market, say the ES, as a "benchmark" for other products. Not as the sole focus of our attention. In other words, we focus our attention on stuff that moves. LOL. Different strokes for different folks I guess...
No offense, and I know you're a really smart guy, so his comment of yours surprises me. You might say there has been no movement for 18 months, for perhaps the buy and hold crowd, but are you saying there isn't money to be made? If a market wasn't moving, then surely this would mean nobody is losing money, and nobody is making money. Perhaps its not moving the way you would like for your strategies, but this doesn't mean its "dead" money for others.
Yeah man, everything is relative in trading. Given two products A and B, traders should optimize their trading by selecting the product that is going to provide the most follow through in p&l and the least amount of adverse variance and by selecting the inferior of the two, it represents an opportunity cost to the trader that really can't be recovered. You can pretend that your goal is to trade a product that doesn't move, but that is not that the correct way to think about it. For even if your goal is trade something that does not move, you have still have to account for adverse variance in which this product fails miserably. It's a free country and you are entitled to do what you want of course, it's just purely illogical. Which is not a crime, just bad trading. In my defense, the title of this thread is not "watching paint dry".