Baseball sized hail too! Really crishes the itty bitty baby corn to mush.
Half in jest, I suggested that 1929 might be the high water mark for the BIG BULL MARKET. 1929 because that was the year of the "Great Crash". A sign from the gods. Well, Monday the SPY closed at 192.9, and the SP500 just about at 1929. Maybe there are "trading gods" and maybe they do send signals and maybe 1929 was the top!
"SPY ended at 192.9 today--probably means nothing though". Or it could be a sign from the "trading gods". Actually the big SP500 traded a bit under 1929--has a few more points to get there.
there you go again with the "corncob" label. Is Omaha resident Warren Buffett a "corncob"?
Where have Nasduck, Nematocyst & GeeGee gone? Even Tech is scarce. The good 'ol days.
Wouldn't shock me to see 6-8% annualized price rise. Bonds yielding 3% = guaranteed losses. Sell bonds be4 the CPI/PPI.
Wouldn't surprise me to see 6-7% annualized rise if the numbers are honest.
Stagflation more like it--99% tapped out by higher gas & food & rents leaving little for retail flub dub purchases. 2nd quarter growth will be lucky to make 2%.
Triple crown years are almost always bad....look at Secretariat in 1973. Awful year for stocks.
Just like 1929. Just like 1987. The final move in 1987 & 1929 was a wedge, on declining breadth. Sound familiar? Except theis time the market won't wait until Sept/Oct to "correct".
A not so subtle message from the "trading gods" and ghost of Jesse Livermore that a major drop is nigh.
Sybil, you would be selling the put options "crack" against your short position to capture the premium. It would cut your gains if NFLX crashes, but might reduce margin bill.