Stock Market Collapse Starts Tomorrow

devil21 said:
Just get short however you can. I like SPX puts, out to March 2023 (next equinox period). Bank short ETFs for less risk aversion. And a few shares of GME just in case the squeeze happens.
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Not taking advice from that bronze statue on Wall St? This guy looks wiser.

1-golden-bear-jack-bell.jpg
 
devil21 said:
Just get short however you can. I like SPX puts, out to March 2023 (next equinox period). Bank short ETFs for less risk aversion. And a few shares of GME just in case the squeeze happens.
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Hmm... I started scaling into a Nasdaq long and am short GME. Mostly from the breakdown around 28 but added some short in the mid 24s today with a tight stop on the excess.

I think if GME breaks 24 it goes to 18. And I think Monday has the potential to be a once in a decade long opportunity. Will be interesting to see who gets it right.
 
Krugminator2 said:
Hmm... I started scaling into a Nasdaq long and am short GME. Mostly from the breakdown around 28 but added some short in the mid 24s today with a tight stop on the excess.

I think if GME breaks 24 it goes to 18. And I think Monday has the potential to be a once in a decade long opportunity. Will be interesting to see who gets it right.
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Dude, seriously, all playful banter aside. Don't short it. You do NOT want to be on the wrong side if/when it runs. It's not worth it. There's too many other ways to make money in this market than playing with GME.

(eta: remember that $68m Ryan Cohen/RC Ventures made from BBBY recently? Guess where that'll go when GME hits his buy low number....and he'll route it through IEX so it can't be routed off-exchange by Citadel)
 
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devil21 said:
Dude, seriously, all playful banter aside. Don't short it. You do NOT want to be on the wrong side if/when it runs. It's not worth it. There's too many other ways to make money in this market than playing with GME.

(eta: remember that $68m Ryan Cohen/RC Ventures made from BBBY recently? Guess where that'll go when GME hits his buy low number....and he'll route it through IEX so it can't be routed off-exchange by Citadel)
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Just for you I covered half . (Also because it is flat on the day when the market is getting killed and because there is a netflix movie about it coming out next week).
 
Krugminator2 said:
Just for you I covered half . (Also because it is flat on the day when the market is getting killed and because there is a netflix movie about it coming out next week).
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Good. It's just not worth the risk man. Obviously I've lived and breathed that stock for the last two years and know the situation with it in-and-out so I don't warn you from it lightly. Or at the very least hedge with a few shares of your own in a different (self-clearing brokerage) account if you insist on shorting it.
 
devil21 said:
S&P500 close on 6-16-22:

3,666.77
-123.22

Probably nothing....
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Heh. I just noticed this day was the low before the June-September rally. 616 is the first known numeric representation (in the original greek) of the number of the Beast. 616 not 666. 3777 was hit on 9-22 (equinox). Been downhill from there.

But yeah guys keep on thinking markets are natural and organic instead of completely manipulated and controlled and running on a whole different system than most realize.

Note the S&P is now back below that 6-16 low again.
 
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devil21 said:
Good. It's just not worth the risk man. Obviously I've lived and breathed that stock for the last two years and know the situation with it in-and-out so I don't warn you from it lightly. Or at the very least hedge with a few shares of your own in a different (self-clearing brokerage) account if you insist on shorting it.
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I gave back more than I should have and no longer am short. You might actually get some follow through to the upside with GME
 
https://news.sky.com/story/run-dynamic-could-have-seen-pensions-collapse-within-hours-12707014

The Bank of England's dramatic intervention today was in response to a "run dynamic" emerging in the British pensions system which could have resulted in the collapse of a swathe of institutions within hours, Sky News understands.

That in turn threatened the finances of many major banks, which would have faced severe troubles if those funds had collapsed. more at link
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I think it's just temporarily delaying the inevitable so the liquidation operation can be completed.

I don't make memes but imagine the Pope's head instead:
bitch-better-have-iedz0i.jpg



(note: the Catholic News Agency article I posted earlier in the thread mentions only one commercial bank. A clue perhaps. This weekend there is more and more gossip that said bank is on the verge of collapse.)
 
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market only slightly down on horrific inflation print. Think this might be the reversal for 5 to 10% up. Stars aligned technically if there isn't some horrific event over the weekend.
 
Brian4Liberty said:
The article is very vague about what was going to default. Long term bond funds? Money market funds?
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Perhaps it isn't a particular asset class or fund but rather a particular large international bank that can't withstand such massive liquidations? Note that the Catholic News Agency article I posted mentions only one commercial bank by name.....

I'm probably getting ahead of myself but I'll make a wild prediction that said bank officially collapses October 24. I do not advocate anybody make any money moves based on that. Just consider it as my belief that some dots are connecting and point to that. I've been wrong plenty of times before.
 
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At this point it looks likely the Dow could easily be down as much as 27 percent sometime in Oct for the yr while at the same time every 2k in cash is worth half what it was 9 months ago as far as what it'll buy . Hard to find anything positive about that. Be interesting to see if the fed can dump all the assets they'd like
 
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Funny, my investment manager has been advising me not to be in cash. He doesn’t want me to miss a “run up” and lose money through inflation. My response was ok, so I should lose 15-30% in the market AND the cost of inflation on top of that.
All these guys care about is getting their 1 1/4% +- commission whether the market is up or down. They cant make their commission unless your invested with them. The sooner one realizes that the better.
 
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