USA Stock markets
Dow currently up 1100 since my short, and S&P up 100 points.
Done my 2% .. and closed position.
Done my 2% .. and closed position.
- marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
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.
- marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
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.