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weemac
Posts: 1216
Joined: Mon Sep 16, 2013 8:16 pm

Up 31 points already.
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megarain
Posts: 2040
Joined: Thu May 16, 2013 1:26 pm
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Dow currently up 1100 since my short, and S&P up 100 points.

Done my 2% .. and closed position.
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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

megarain wrote:
Tue Apr 10, 2018 4:44 pm
Dow currently up 1100 since my short, and S&P up 100 points.

Done my 2% .. and closed position.
Since you give full disclosure I should follow up as well. Still holding on. Bets on stocks (flow traders, virtu) that profit from more volatility have gone up, short s&p futures have presented a loss. Overall still happy, and far from convinced we'll see any new highs soon. I'll get out of my shorts at 2700 in the s&p.
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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Bombing Syria may help your shorts?
weemac
Posts: 1216
Joined: Mon Sep 16, 2013 8:16 pm

Euler wrote:
Wed Apr 11, 2018 12:40 pm
Bombing Syria may help your shorts?
"The stock market tends to rally whenever the U.S. begins military operations overseas."

https://www.barrons.com/articles/war-is ... 1492702379
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marksmeets302
Posts: 527
Joined: Thu Dec 10, 2009 4:37 pm

Euler wrote:
Wed Apr 11, 2018 12:40 pm
Bombing Syria may help your shorts?
I think it will at the very least bring more volatility. But two months ago the news couldn't get any better and probably everybody playing the markets was already long. There was nobody left to buy. Now we've corrected a bit, but since then the outlook has deteriorated as well. Then again, that could all be perception. Trump imposed duties on Chinese aluminum in 2017 and nobody cared. Now it's a big deal. It's hard to see things how they really are with the media constantly changing focus. My biggest concern is how the development of US debt is viewed. The current administrations budget control has already been compared to that of Juan Peron, the Argentinian president that ruined his country. If the world suddenly thinks hmm.. why am I getting only 2.7% interest on treasuries of a country with a 106% debt to gdp and a president that goes by the nickname king of debt... then those rates could go up very quickly.
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