Anybody already shorting the DOW/Nasdaq?

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  • TPowell
    SBR Posting Legend
    • 02-21-08
    • 18842

    #1
    Anybody already shorting the DOW/Nasdaq?
    Curious if anybody was. Thinking I'll probably invest into the DOG and PSQ ETF's to do so. The market literally has zero volatility. What do you think happens when ANYTHING negative happens? Answer is more than likely a big correction.
  • RoyBacon
    BARRELED IN @ SBR!
    • 09-21-05
    • 37074

    #2
    I would avoid the temptation of over thinking the idea that a correction is imminent.

    The tax cuts are priced in but we have not seen revised estimates yet. Those estimates will start mid qtr so 2 weeks. I think we see a decent pull back after 1qtr results come out in April just because everything will be fully baked in to valuations.
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    • TPowell
      SBR Posting Legend
      • 02-21-08
      • 18842

      #3
      Got in just in time. Wish I had done the 3x one instead of the 2x but solid 5% gain today
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      • TPowell
        SBR Posting Legend
        • 02-21-08
        • 18842

        #4
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        • TPowell
          SBR Posting Legend
          • 02-21-08
          • 18842

          #5
          A little sick thinking I could have actually shorted this with like 100x leverage instead of buying a damn ETF that is only 2x but live and learn I guess
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