Dream on. There's NO way the oil will get even close to $20 let alone $10. Once oil is under $40 everyone will stop producing. No one is foolish enough to be selling below cost.
AAPL is down 8% today as well if that helps u any..... and who really keeps their money in mutual funds anymore when you got all kinds of ETFs that are way more liquid and can be hedged with options.....
Yup its a total rip off for losers.
because it can lose 50% in one day.
ETFs all the way
Thats a non-event. I'm buying this dip tomorrow AM. Will see a bounce in no time.
The premium for the puts expiring next Friday are insane. SPY 201 puts are trading at 0.70 now. Free money in the making. I can almost 100% guarantee they gonna expire worthless next friday.
and western media is all but silent about it again...
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this market just won't go down will it?