I wouldn't be surprised at 5300 or 5000.....Personally, I'd love it to hit 4000 or 3000....I's be able to buy more.....
<<I know many recent retirees who's nest eggs have been decimated (an additional 30+% since election day)>>
If you're retired AND taken a 30% haircut on your retirement savings: Shame on you! You're either (a) too greedy - you're overweight in equities hoping to compound your gains.... bad move or (b) received some bad... really bad advice.
My folks are in their 80's. A while ago (maybe 25-30 years ago) they insuranced up, so now, their healthcare is fine. Their nestegg? It MADE 5% last year. Why? They have all their money in CDs, and have had it that way for about 10 years now. They've been retired since 1990. My point is that people, if they are indeed taking personal responsibility have to assess the risks. You don't just go to vegas, bet black and when it comes up red you start crying. That's what I liken retirees in the stock market to. Sorry, you're playing a dangerous game.
Look at what I post on every option trade post: Options are not for everyone. Don't do it unless you are prepared to lose money bigtime.
By the way, I still have the 32.50 July calls for WAG- down about 95%. Looks like that one might be a total loss. But, oh well..I played, I lost. Life goes on. No one bailling me out too, right?