What a rout in the markets.
But Gemini is on here constantly talking about how they're the devil. Don't think that helps either. Many people seem to agree with him too and I'm just trying to figure out why they give a rip roar.
OK, now that's actually a fair point. I'm with you on that, why can't we just have no discussion of it either way. Like it's neither good nor bad to be gay, and neither good nor bad to be hetero. Just think it's a needless distraction from the destruction of the economy and incredible wealth transfer to Wall Street from everyone else.
I don't get it- I'm not gay but I know a number of gays of both sexes and most of them are really nice people. Couldn't care less what they do in their private lives as long as they're not hurting anyone. Who cares? We all have other things to worry about, like this weak a*s economy that hasn't moved in years and isn't likely to for ages. Gay bashing is just a distraction from the real issues.
Gemini you've been sounding angry lately. I hope you haven't been shorting this market. Look, it's a bubble. We all know that. We also know it's going to end badly. And finally, we know a bunch of folks were literally bankrupted shorting internet #$%$ stocks in 2000. Who knows how high it can go? 3000 S&P? No way to estimate at this point.
Judge, you won't see a 10% correction in your lifetime. And I don't care if you live to be 250 years old, you still will not see a 10% correction. We have reached a new level of prosperity where recessions and stock market declines are no longer possible. Enjoy it!
Talk about a patriotic event! No the market is not rigged even though it's remarkable that it will go up exactly 3 points per day to get there.
To clarify, S&P 2000 on July 3rd. That's SPY 199.70 to account for the dividend I believe. It looks perfectly on target, nothing could be easier.
This market has been amazing. Some people have claimed to make millions shorting UVXY and buying puts, others like John Hussman have had their careers ruined. Nothing really to be said about it, it's just such a strange thing. Stocks are wildly overpriced but that and a nickel will get you a cup of coffee. 99% of people don't beat the S&P 500 anyway.