Which way is this market going in 2018? (Wall Street, trading, puts)

[BigCityDreamer]

Sorry, I was being too generous with the NASDAQ. It was at 5046 on 11/4/16.

So that's 16 years and 8 months of almost 0 gain.

[Lowexpectations]

Originally Posted by BigCityDreamer

That may be, but I was looking only at the price value. The S&P 500 hit 1527 on 3/24/00. It reached 1551 on 3/8/13.

The NASDAQ fared even worse:

5048 on 3/10/00
5029 on 7/15/16

A whopping 16 years and 4 months of 0 price gain.

Why on earth would you just look at the index value?

[WhyRUMad]

DOW futures just opened 132 points lower, which is a lot for futures, especially at the open.

[mathjak107]

not really , i expected worse with the chicken littles having the week end to think about it . many pros want to keep from falling behind to much as well .

[WhyRUMad]

Originally Posted by mathjak107

not really , i expected worse with the chicken littles having the week end to think about it . many pros want to keep from falling behind to much as well .

Down 252 now.

[mathjak107]

i think we need another week like last week . remember all this excess leverage from the markets being so docile has to come out . this was my biggest fear , that i spoke of .

the machines have to get potential dollar losses from using leverage back in to line and selling breeds more selling as they all pretty much unwind together. eventually the positions match the volatility and things level out . welcome to technology . the same things that drive it up , work in reverse.

everything has a bottom somewhere lol

[WhyRUMad]

Yep, I think it will be an interesting week. I meant to ask you, how do you get you user name to glow? Are you a CD angel?

[mathjak107]

glow ?

[WhyRUMad]

Yea, maybe you can’t see it, but where it says mathjak107 it looks like there i a light shinning on your name. I guess I could take a screenshot.

[mathjak107]

yeah i don't see it . maybe i went to c-d heaven