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Is it time to short the market?

Posted on 11/13/20 at 6:40 pm
Posted by titleist71
Member since Oct 2012
459 posts
Posted on 11/13/20 at 6:40 pm
Increased COVID cases and hospitalizations
Biden with better chance to win the election
Cold weather coming
Posted by TigerDeBaiter
Member since Dec 2010
10655 posts
Posted on 11/13/20 at 7:03 pm to
Sure. Go for it
Posted by Pendulum
Member since Jan 2009
7903 posts
Posted on 11/13/20 at 7:44 pm to
I think the market can look through 3 or 4 bad months if positive vaccine news constantly hits us. Just gotta have some good value and good growth stocks and ride the seasaw with a nice balanced portfolio with some dividend payers mixed in.
Posted by cgrand
HAMMOND
Member since Oct 2009
46353 posts
Posted on 11/13/20 at 8:11 pm to
9.9/10 people wouldn’t know how to “short the market” even if they wanted to. And that 0.1 person is a billionaire
Posted by whitefoot
Franklin, TN
Member since Aug 2006
11184 posts
Posted on 11/13/20 at 9:38 pm to
quote:

9.9/10 people wouldn’t know how to “short the market” even if they wanted to

Huh? SH, SDOW, SQQQ?
Posted by notiger1997
Metairie
Member since May 2009
61265 posts
Posted on 11/13/20 at 10:08 pm to
Maybe
Posted by moock blackjack
Member since Apr 2008
110651 posts
Posted on 11/13/20 at 11:38 pm to
I say it’s time to take some profits before Biden’s capital gain tax kicks in
Posted by KillTheGophers
Member since Jan 2016
6743 posts
Posted on 11/14/20 at 6:09 am to
This

I am afraid that tax changes are going to be a kick in the nuts.

Additionally, on pure short plays, you will get slaughtered right now. Simply buy some GLD, inflation protection funds and a little VXX...talking all that at 5% of portfolio or so....then think capital preservation for a chunk of the remaining portfolio.

Once the Fed capitulates due to debt load, interest rates will increase....and it will be a brutal blow. But there is no way for us commoners to properly time this.

Even during the last mess....people that saw it coming jumped on the short side too early...but recovered nicely.

quote:

I say it’s time to take some profits before Biden’s capital gain tax kicks in
Posted by cadillacattack
the ATL
Member since May 2020
9533 posts
Posted on 11/14/20 at 6:28 am to
I agree that GLD is a good choice for the coming volatility .....
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 11/14/20 at 7:25 am to
What’s the worst that could happen
Posted by go ta hell ole miss
Member since Jan 2007
14537 posts
Posted on 11/14/20 at 8:02 am to
quote:

9.9/10 people wouldn’t know how to “short the market” even if they wanted to. And that 0.1 person is a billionaire


quote:

Huh? SH, SDOW, SQQQ?


And it took one poster to prove you correct, Cgrand.

Inverse leveraged funds held more than extremely short term (typically intraday) have a proven track record of losing money.
This post was edited on 11/14/20 at 10:40 am
Posted by ReadyPlayer1
Clown World
Member since Oct 2020
1084 posts
Posted on 11/14/20 at 8:35 am to
quote:

I say it’s time to take some profits before Biden’s capital gain tax kicks in


Can he change the tax with an executive order or would that have to go through a republican senate ?
Posted by cgrand
HAMMOND
Member since Oct 2009
46353 posts
Posted on 11/14/20 at 9:33 am to
yes

let’s do a wager.
I’ll buy 10 QQQ and someone who wants to be “short” (any takers?) can buy 10 SQQQ.

I’ll hold the QQQ for 20 trading days, you do whatever you want but after 20 trading days you have to show your work and you have to hold 10 SQQQ on that day. Winner is dollar net proceeds, those proceeds (profit) to be donated to the ASPCA. If neither has profit the bet is a push.

game on
Posted by hottub
Member since Dec 2012
3651 posts
Posted on 11/14/20 at 9:44 am to
quote:

9.9/10 people wouldn’t know how to “short the market” even if they wanted to. And that 0.1 person is a billionaire





Truth.... I got my pee pee swacked with SQQQ. Never again.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11832 posts
Posted on 11/14/20 at 10:40 am to
quote:

20 trading days




K let's play a game. I'm the casino and you're playing roulette and have to bet red but the tables all black.
Posted by whitefoot
Franklin, TN
Member since Aug 2006
11184 posts
Posted on 11/14/20 at 11:01 am to
quote:

Inverse leveraged funds held more than extremely short term (typically intraday) have a proven track record of losing money.

No kidding. Because the market has a proven track record of going up.

OP is obviously talking about downside protection in the short term. Or at least that's how I interpreted his post.

I certainly don't see myself ever putting money in inverse ETFs, but they do, in fact go positive when the indices they track go negative, do they not?

Posted by cgrand
HAMMOND
Member since Oct 2009
46353 posts
Posted on 11/14/20 at 11:12 am to
quote:

wutangfinancial

I’ll take that as a no?
20 days is a month there’s no reason to drag out a small wager any longer than that
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1797 posts
Posted on 11/14/20 at 11:14 am to
quote:

I’ll buy 10 QQQ and someone who wants to be “short” (any takers?) can buy 10 SQQQ.



You'd need to do 30 shares of QQQ for apples to apples there cgrand. Or 3.33 shares of SQQQ. Just sayin'
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11832 posts
Posted on 11/14/20 at 11:20 am to
Yes. That's a no for me dawg.
Posted by cgrand
HAMMOND
Member since Oct 2009
46353 posts
Posted on 11/14/20 at 11:27 am to
ok then 10 and 3.33 or 30 and 10.
bettor’s choice
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