I know my predictions have been off, I didn't change my opinion, I'm still sticking to it, I'm still predicting a drop of 50%+++ and negative rates, once the next recession/crisis comes along all talks of any rate hikes will be dismissed...and what will the fed do to create another prop job in the economy?? Negative interest rates will be the only way since rates are still at historical lows the only way will be down and then negative....if rates were at 4%-5%-6% they would have some breathing room, but since rates are still hovering around 1.5% they have nooooo room but to go negative on rates when the next crisis comes along....they waited like fools and have kept rates low for farrr too long. ...so the next collapse should easily drop the s$p under 1200.....market has had an already extended bull run...almost a decade old, and we know bull markets don't last forever so a decade old bull market on top of a crisis, equals the collapse no one in mankind has ever witnessed....
As I suspected. Someone owes you an apology (not that I think you're even aware of being called out due to the ignore feature)
50% drop in the stock market and negative interest rates? Can't see that happening. I can see 35 to 50 % drop at some point with increased interest rates, sure.
So 10 points made in spread bet is how much USD ? Are the positions time constrained like American options?
Depends on how much you choose to trade 'per point'. Lets use the Dow instead of the spx, as it gets confusing because what the spreadbet firms refer too as a 'point' is usually a tick in the real market. I just trade for a hobby since I never know where the damn things gonna go (I only have charts/TA which is more or less a coin flip to me), so I trade at just £1 per point on the Dow. So If I go long the Dow at 25000 and cover it at 25100, i've made 100 points (100*£1 = £100 profit (or about 140 USD)) My dad used to trade £120 per point, so in his case, he'd make £12000 in the above example. In my real life SPX trade you referenced above, I traded taht for £1 per point and made £100 (because even though it was '10 points' in terms of '10 handles', it was actually '100 points' in spreadbet terms) Not time constrained. It's much more akin to regular furtures trading than options