william the wie
Gold Member
- Nov 18, 2009
- 16,667
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Cellblock2429 was right. Writing puts especially on increasing dividend stocks is really safe.
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A correction. It'll be back up before the end of the week (hopefully).
Largely agree but this time it was China that had the big first hit. Extending your model we will not know what is happening in Asia until after 8 PM EST and whether the wheels are coming off in China or this was just a scare.You know, when the first big crash happened in 2008, it continued for weeks. If the stock market continues to drop tomorrow and Friday, I'm expecting another recession like we had in 2008.
One of the reasons that I think that a recession is coming if the stock market continues to drop, is because when the US stock market took a big hit, it ended up echoing in other stock markets, causing THEM to drop, and the whole think just kept going.
Rest of the week is gonna be interesting.
actually I began to load up on selling puts today shortly after I wrote the OPSo what do you all think? Anybody buying tomorrow? I want to hear something out of the Fed Chair other than "I'm raising rates and that's just the way it is".
Translation:I'm expecting another recession like we had in 2008.
Translation:I'm expecting another recession like we had in 2008.
I'm HOPING for another recession like we had in 2008 so I can blame Trump.
I don't see the comparison to 2008. That was driven by irresponsible lending and banking practices that caused a global financial collapse. I suppose if we have a couple more countries economies go belly up like Venezuela that could ripple through in a bad way. Other than that I don't see anything causing a protracted bear market right now.