The Market Down 200 Points This Week?

I was watching Fast Money on Friday and heard a comment that I found a little surprising to say the least. Tim Strazzini was speaking about the broader market and opined that the Dow could be down 200 points this week. Eric Bolling followed Strazzini’s comment by saying that if the market was going to be down 200 or 300 points this week it could be because of higher oil prices. These guys are professional traders. What does everyone else think?

 

They look at the same charts, numbers, forecasts as everyone else.

 

Who cares? Profitable (note I didn't say "professional") traders trade, they don't predict.

 

They have taken short positions, and need you to make them profitable...

 

i went long ES on this + the top story was that the market sold off today because of fear of a correction.

So I'm long for a bounce!

 

That’s a great point Quark. Anyone can predict but can they express that prediction into a profitable trade. That’s what separates the masses.

 

I used to work on the floor with Eric Bolling, nice guy. His trading badge is "RBI", picked because of his baseball stint. His nickname however was

R aging
B ull
I diot

 

200 points! Yawn. Wake me up when we get some action. :eek:

 

bravo bravo, how astute

 

Take what the market gives you my man.....take what it gives you!