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SPDR S&P 500 ETF Message Board

  • teknowiz teknowiz Jun 22, 2013 9:22 AM Flag

    $3 trillion capital loss in week because of possible $58 billion/month cut?

    So equity markets around the world lost $3 trillion because of 'possibility' that Fed will start tapering on $58 billion /month asset purchases?

    Are we going to lose another what $10 trillion when Fed actually stops it?

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    • Further indication the financial markets have become a trader's game to play with their inside knowledge (legal or otherwise) and supercomputers. Causes me to ask myself why I think I can play it successfully with no such advantages, but I guess if I catch the right shirt tail once in awhile I might make a little money. Recently that has been true as I took a long position before the fed meeting thinking we get one more pop but I hedged against it with puts and wouldn't you know it, the hedge side of my trade bailed me out against the long side for a net profit this week. Still down for the year because i tried too many times earlier this year to short the market, instead of buying dips. But, a small win once in awhile keeps me coming back, just like slot player.

    • 1) How much of the $3 trillion was profit taking?

 
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