Originally Posted by
Cyio
Just out of curiosity, how do you know this with such certainty? The dow just had its biggest day in a century. I think business and by extension people will be pulling out of this quicker than you think. Will it be painless, no it won’t. I however don’t see this as a lost decade event.
The markets reacted today to the assumption that a stimulus will pass. It will, but that effect is already baked in to today's closing prices. Just bought a fair amount of SPDN -- an inverse ETF that tracks the S&P index, but inversely. Basically the same thing as shorting that index.
Wouldn't be surprised if we see a 5 pct decline tomorrow. If this bill doesn't pass tonight, a 10 pct decline. Let's see what Asian and European markets do tonight...