Erm... Zero risk, eh? LOL! Have you savvy zeroriskoers looked at the US 2Y Treasury Note? Isn't it going down the drain beautifully? Crashing into the sewers of bull like a falling star? Isn't this a piece of art? Disclamer: It will reverse with a vengeance when it does. And it's gonna be ugly. There's no such thing as zero risk.
These headlines out of cnbc are just too amusing after this little dip that probably feels like a crisis too most...... Anyway what's funny is that this headline says that this sell off was easy to spot....was it really? You mean to tell me that today's sell off according to this article was pretty easy to spot....hmmm .... yep typical cnbc garbage!!! The violent market sell-off was pretty easy to spot and a long time coming Stocks closed out a tough week with a brutal sell-off Friday that was a long time coming and pretty easy to spot. The market may have grown too comfortable with higher valuations and is now setting itself up for a reset. "The bubble now is in U.S. equities — all the valuation metrics from the 2007 highs have been taken out," said David Rosenberg, chief economist and strategist at Gluskin Sheff.
You know that, don't you? It's true that an up gap is more likely in recent past, but not by a wide margin. For the last 5 years or so, it's roughly 55% chance it's an up gap on any given day.
Im hedged basically net neutral over the weekend. Still carrying some losing long positions, but since the market probably won't go much lower than this I hedged them with shorts and will keep them til they turn profitable
Agreed. The market hadn't put in even a modest correction in 14 months. The last time SPX even tested the 200day moving average was a week before Trump was elected. We spent all of 2017 with basically a handful of modest declines (Mar 1-27, June 29 and 2 days in August). To pretend that it was "easy to spot" after years upon years of markets that drift higher, never correct and VIX readings that set new historic records (for low readings) is why I pay no attention to the armchair analysts. They are like academics who never have to put their theories to the test.