By tank, do you mean we will go under 2000? In my opinion it will never drop under 2000. Never.
Don't make the mistake of thinking that fundamentals matter. She will never allow stocks to have a material decline again no matter what occurs.
Look at the market cap for a company with such low sales, and no profitability. The Yellen stock market bubble truly has lifted everything, even the turds.
You had me until you said some day rates will rise. I guess if you mean they'll rise maybe 0.25% or something. When I talk about rates rising I mean they won't rise to 2% for decades. I'm talking 50, maybe 100 years. And this guy comes out and says 940 fair value for S&P? insanity.
Let's do it.
The question for covering short positions is just about long term gains. I am assuming this will be under 10 cents by the end of 2015.
Are you buying anything in this crazy market right now? I have been shorting the daylights out of VXX for some time now since the market is no longer a discounting mechanism and will rally forever.