/biz/ - Business & Finance

Being up 200%+ is nice and all but circuit breakers was maximum comfy. Will the 100 day lockdown even cause a minor dip?

>>22468610
>Does Facebook make money? Tiktok has the potential to outdo it.
Ladies and gentlemen, this shows you how informed /smg/ is on current economical climates.

For one day at least, the market action seemed to imply that the craziness that had inhabited the Nasdaq had found its way to the rest of the market. "What we're seeing the first two days of September is FOMO spreading beyond the Nasdaq," says Julian Emanuel, chief equity and derivatives strategist at BTIG, referring to the fear of missing out.

Warning signs abound.

The VIX has gained 1.7% to 26.52, a sign that expected volatility is rising with the market. Usually volatility falls when the market rises. The CBOE Nasdaq-100 Volatility, or VXN, jumped 6.1% to 36.80. But that doesn't mean that the end has to come immediately, Emanuel says. "We have said for the last two weeks that the Nasdaq is in a blow-off phase. We don't know if it's the beginning, the middle or the end."

NatAlliance Securities' Brenner agrees. "This has gone a lot further than I thought it would," he says. "And it will correct more than I think it probably should."

Consider that a warning.

>>21752116
If you have 2k, you can still write stuff like SPY spreads two, three times a week for 3%+ consistent gains. Of course, you'd have to go all in each time since you want to grow capital as quickly as possible. When people have lower capital (25k or less pretty much, PDT requirement) it's better to take risks since growing capital ~the normal way~ with such a small amount of capital will take excruciatingly long.

>>21643408
Damn, wish I still had my 1/15/21 $50c for INTC. I cut it out for a -5% loss since it was crabbing too much and I just wanted more capital for more spreads.

And here's March 9. Little did they know, March 16 was right around the corner.