LOOK. Are you going to get cancer or do us the favor of killing yourself or not? It's a simple question that you should be able to answer.
And how exactly do you know that isn't a trader taking profit from shorting a #$%$ load of those calls? it's about a 75K bet. Not a big one for someone who is a whale. No chance this goes anywhere near that high ever again, let alone in 1 week.
OK, we'll see. I don't think so. At least you'll be around to face the music, unlike Rain Check who was on here at 21+ pumping up a storm and has now disappeared.
Sadly I think we obliterate 1700 soon. Can't wait for WSJ to update the Russell 2000 p/e after today's close.
Easy tiger, maybe not today. For sure next week though. This is Ben's market, it can't go down without his approval.
It would help if you could spell simple words like "fade."
That's a nearly 8% drop. Meaning the Russell 2000 went up almost 2.67% in under 24 hours. At 36 times earnings, it's a bargain index for sure.
Gawd what a moron.
Yeah, I should have. Already had a lot of VXX calls shorted but UVXY premiums were even juicier. Oh well, could have been the big one.
I guess the bears could have some hope, it just seems hard to see it right now. The thing is nobody cares about valuations right now. So anything other than a nasty recession, and stocks will probably chug along. I bet the Russell is down to 35.5 times earnings now, what a bargain!
Gem I think the bear case is finished now. We're going to transition away from QE hopes holding the market up to saying the economy is strong enough for no more QE. Sure wish I had gotten more UVXY short. I tried a couple times near the highs yesterday and TD was not accepting orders to short it. I guess their big clients get priority.