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Re: bigworld post# 764

Wednesday, 05/11/2022 4:44:09 PM

Wednesday, May 11, 2022 4:44:09 PM

Post# of 2599
Bigworld, Sounds like a good trip. If you are short the stock market, not being able to cover is risky, but on the other hand the market hasn't been able to bounce much, and if it does it probably won't last long.

Fwiw, I wouldn't count on the S+P 500 dropping 70%. It's not impossible, but would probably require something like a collapse of the financial system, so not a high % bet for anytime soon. A 'perma-short' strategy seems fraught with risk and probably better to just take the profits and run once they build up sufficiently, and not get too greedy :o)

Btw, the Nasdaq is now down approx 30% from the Nov 2021 high, as is the Russell 2000. There are some tempting bargains being created out there, but still too early imo.

Since you'll be traveling, here's a great 'road tip' song, a bluegrass version -





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