and, like when is that target going to be reached? Maybe next year. Ok. well patience is a virtue... bonne chance
I am both short and long. Long SPY CALLS but short LNKD puts. Dunno why you would be short SPY, at best you would be flat or long. Although we are now right up the 200ma it is prudent to take short-term profits
Everyone keeps forgetting that we're nearing the S&P's date for redowngrade! ------------------------------------------- Also, that UNEMPLOYMENT CONTINUES TO RISE!!!!!! This is pure smoke an mirrors. But to short into this is insane. I almost got run over hard, if I was not force to cover yesterday. My loss would have been 3x if I would have stayed short into today. There is going to be a huge shorting opportunity. STACK YOUR CASH SON! Just wait.....be patient.
Look at the latest low, and you should be able to see the amount of bears buried deep under. Probably no huge shorting opportunity, and more like sideways.
That target is merely a 5% dip from the current level... And as the S&P has a typical daily range of 3-4% all it will take is 2 consecutive down days....
Never underestimate the effect of kicking the can down the road It's time proven strategy that never fails to rally the market Who says politicians have no value? Look at the trillions of dollars they added to equity asset prices alone only over the last 4 weeks!