Top is in

[ender]

buy low, hold long, sell high

that's my plan

[JAYSLOL]

Recession is in, bottom is not in.

[Radagast]

Thank God Top is finally in, 'cause I ran out of novel top memes ages ago!

[Radagast]

Butt fluctuations

hehe, butt fluctuations

hehe, that nearly killed me

[SwordGuy]

Butt fluctuations

hehe, butt fluctuations

hehe, that nearly killed me

That joke was a gas.

[frugalnacho]

Butt fluctuations

hehe, butt fluctuations

hehe, that nearly killed me

Wrecked 'em.

[Phenix]

Butt fluctuations

hehe, butt fluctuations

hehe, that nearly killed me

Wrecked 'em.

You know what they say about show business, "You have to start at the bottom."

[Wintergreen78]

Top is not in. Based on the last 2 hours of market activity we are on track for approximately (checks math) ... ... 53,246,236% return by the end of the year. That should put the SP 500 at 1,597,387,099.4, give or take.

[dougules]

Top is not in. Based on the last 2 hours of market activity we are on track for approximately (checks math) ... ... 53,246,236% return by the end of the year. That should put the SP 500 at 1,597,387,099.4, give or take.

Burn the heretic!

[salt cured]

please you bum

[PathtoFIRE]

The #thorstachrebound is real!

[Monerexia]

Top is not in. Based on the last 2 hours of market activity we are on track for approximately (checks math) ... ... 53,246,236% return by the end of the year. That should put the SP 500 at 1,597,387,099.4, give or take.

Only thing left to say is...Leroyyyyyy Jennnnnkins!!!!!

[brooklynmoney]

Robinhood top is in.

[aspiringnomad]

The #thorstachrebound is real!

His posts do seem to magnetically repel the markets upwards. Did we discover a new law of Newtonian physics, or is this a quantum thing where the top is both in and not in until we observe it? How do we know when we observe it? Is the bouncing cat both dead and alive? So many questions, so many tops.

[dragoncar]

The #thorstachrebound is real!

His posts do seem to magnetically repel the markets upwards. Did we discover a new law of Newtonian physics, or is this a quantum thing where the top is both in and not in until we observe it? How do we know when we observe it? Is the bouncing cat both dead and alive? So many questions, so many tops.

Possibly he has truly found the key to market prediction, but he's just holding it the wrong way

[RWTL]

The #thorstachrebound is real!

His posts do seem to magnetically repel the markets upwards. Did we discover a new law of Newtonian physics, or is this a quantum thing where the top is both in and not in until we observe it? How do we know when we observe it? Is the bouncing cat both dead and alive? So many questions, so many tops.

The lesser known Thorstache's Cat.

[Brother Esau]

The #thorstachrebound is real!

thank you thorstach!!

[dougules]

Possibly he has truly found the key to market prediction, but he's just holding it the wrong way

I've said it before, and I'm pretty sure now that he's Australian. 

[BigMoneyJim]

Psst! Market timers: I've stopped a pattern! It goes down one day and up the next. Just buy on the down days and sell on the up days.

[Glenstache]

The #thorstachrebound is real!

His posts do seem to magnetically repel the markets upwards. Did we discover a new law of Newtonian physics, or is this a quantum thing where the top is both in and not in until we observe it? How do we know when we observe it? Is the bouncing cat both dead and alive? So many questions, so many tops.

The lesser known Thorstache's Cat.

except that there isn't an equal probability of outcomes. We already know that the Top is In.

[ender]

I'm glad this thread exists so I can be reminded to check what the market is actually doing!

[Alternatepriorities]

I'm glad this thread exists so I can be reminded to check what the market is actually doing!

How can the market do things when the top is in?

[bthewalls]

Wait till this equity bubble pops and the dollar devalues....sh1t will hit the fan

[dragoncar]

Psst! Market timers: I've stopped a pattern! It goes down one day and up the next. Just buy on the down days and sell on the up days.

Just buy the VIX before it breaks down!

[aspiringnomad]

Psst! Market timers: I've stopped a pattern! It goes down one day and up the next. Just buy on the down days and sell on the up days.

Just buy the VIX before it breaks down!

Just buy the Vicks before coronavirus breaks you down!

[Mr Mark]

The #thorstachrebound is real!

His posts do seem to magnetically repel the markets upwards. Did we discover a new law of Newtonian physics, or is this a quantum thing where the top is both in and not in until we observe it? How do we know when we observe it? Is the bouncing cat both dead and alive? So many questions, so many tops.

The lesser known Thorstache's Cat.

Even a dead Thorstache cat bounces when it drops... From the top.

Top is in. - again.

[Buffaloski Boris]

Took a look at CBOE VIX.  It hit 50.06 earlier today, and is hovering around 48.5 now.  Highest ever was 59.89 on October 1, 2008. 

I'm calling it.  Top VIX is IN! 

ETA: high VIX was over 80 on 11-20-08. I hate it when that happens. But the VIX top is still in!

[dougules]

Bull markets don't die of old age, but I guess they can die from coronavirus. 

[Alternatepriorities]

Took a look at CBOE VIX.  It hit 50.06 earlier today, and is hovering around 48.5 now.  Highest ever was 59.89 on October 1, 2008. 

I'm calling it.  Top VIX is IN!

Market, “hold my beer, watch this”

[EscapeVelocity2020]

Took a look at CBOE VIX.  It hit 50.06 earlier today, and is hovering around 48.5 now.  Highest ever was 59.89 on October 1, 2008. 

I'm calling it.  Top VIX is IN!

Buffaloski, the Thorstache of VIXs.  Looks like we're goin' higher folks!

[Buffaloski Boris]

Took a look at CBOE VIX.  It hit 50.06 earlier today, and is hovering around 48.5 now.  Highest ever was 59.89 on October 1, 2008. 

I'm calling it.  Top VIX is IN!

Buffaloski, the Thorstache of VIXs.  Looks like we're goin' higher folks!

To the MOON baybee!!

[techwiz]

Took a look at CBOE VIX.  It hit 50.06 earlier today, and is hovering around 48.5 now.  Highest ever was 59.89 on October 1, 2008. 

I'm calling it.  Top VIX is IN!

Market, “hold my beer, watch this”

Hold my beer and watch this "Top is In!"

[Roland of Gilead]

I placed a small wager on a local maxima.  I purchased 100 SPY $325 puts for $3.40 today, expiring March 20

Essentially controlling $3,250,000 of stock with $34,000.

Just on a gut feeling that the economic impact from the virus hasn't been priced in (yeah I know everything is priced in, except when it isn't).

I am probably out at a 5% dip in the market, which would make about $70,000 profit.

Down $3,500 after the first day of trading. Don't doubt ur vibe.

To be honest, I also would have expected the impact on supply chains would have had more of an effect on revenue and share prices. Good luck with the bet.

It is down more like $10,000.   Not really concerned though, plenty of time left until March 20.   I do have other irons in the fire, made $6,000 on Nektar today.

Do you actually think SPY is going to go below 325 before March 20 though?  Time is not really on your side since it is now eroding the value of the puts even if the market stays flat (since the Top is In).

LOL!  /cry

[EscapeVelocity2020]

I placed a small wager on a local maxima.  I purchased 100 SPY $325 puts for $3.40 today, expiring March 20

Essentially controlling $3,250,000 of stock with $34,000.

Just on a gut feeling that the economic impact from the virus hasn't been priced in (yeah I know everything is priced in, except when it isn't).

I am probably out at a 5% dip in the market, which would make about $70,000 profit.

Down $3,500 after the first day of trading. Don't doubt ur vibe.

To be honest, I also would have expected the impact on supply chains would have had more of an effect on revenue and share prices. Good luck with the bet.

It is down more like $10,000.   Not really concerned though, plenty of time left until March 20.   I do have other irons in the fire, made $6,000 on Nektar today.

Do you actually think SPY is going to go below 325 before March 20 though?  Time is not really on your side since it is now eroding the value of the puts even if the market stays flat (since the Top is In).

LOL!  /cry

Sorry I talked you out of it, I owe you a beer for sure.  If you had just held one more day...

[Roland of Gilead]

Nah, it is ok, I am just laughing that we thought a drop to 325 was almost out of the question and yet now we are struggling to get back over 300 a few days later.

[Wintergreen78]

Forbes is not a believer. They say that VIX over 15 means the top is not in.
https://www.forbes.com/sites/simonmoore/2020/03/08/vix-flashes-a-bullish-signal-in-a-volatile-market/#6b249fe23b3c

[hadabeardonce]

https://money.cnn.com/data/afterhours/
https://www.cnn.com/2020/03/08/investing/stock-dow-futures-coronavirus/index.html

Icky things like viruses and oil are messing with business. Beware pickers and flickers.

[dragoncar]

https://money.cnn.com/data/afterhours/
https://www.cnn.com/2020/03/08/investing/stock-dow-futures-coronavirus/index.html

Icky things like viruses and oil are messing with business. Beware pickers and flickers.

Holy crap.  Got bonds?

[habanero]

e-minis limit down (-5%) in the overnight Asian market. Just reopned, and was limit down (-7% since Fridays close) after 1 second so trading halted for 15 minutes. Next trigger level is 2581,5 (-13% from Friday close)

Top fast limit down is in.

[dougules]

AAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!!!1

[Brother Esau]

The sky is falling.

[DadJokes]

We're about 1.5% away from being an official bear market.

All hail the Top!

[maizefolk]

Handy rules of thumb while waiting for your favorite stock market commentators:

-8% = one of the 15 worst days in the history of the stock market/S&P 500.
-9% = one of the 7 worst days in the history of the stock market/S&P 500
-10%= one of the 4 worst days in the history of the stock market/S&P 500
-13%* = one of the 2 worst days in the history of the stock market/S&P 500
-20%** = still only one of the 2 worst days in the history of the stock market/S&P 500

*Second circuit breaker
**Third circuit breaker, and trading stops for the day.

[fattest_foot]

Handy rules of thumb while waiting for your favorite stock market commentators:

-8% = one of the 15 worst days in the history of the stock market/S&P 500.
-9% = one of the 7 worst days in the history of the stock market/S&P 500
-10%= one of the 4 worst days in the history of the stock market/S&P 500
-13%* = one of the 2 worst days in the history of the stock market/S&P 500
-20%** = still only one of the 2 worst days in the history of the stock market/S&P 500

*Second circuit breaker
**Third circuit breaker, and trading stops for the day.

I'm not generally one to panic, but a 7% drop after the whirlwind 2 weeks we previously had is pretty bad.

Not that I'm doing anything about it, but it's not a good sign.

[markbike528CBX]

S&P 500 back to June 2019 ,just last year, levels.

O the Horror!!

[achvfi]

S&P 500 back to June 2019 ,just last year, levels.

O the Horror!!

Yay! fantastic. Buy buy buy

[Roland of Gilead]

S&P 500 back to June 2019 ,just last year, levels.

O the Horror!!

Yay! fantastic. Buy buy buy

Sure.  You go first though, k?

[dogboyslim]

I am buying today, but just because it is on my regular automated investment schedule.

[Steeze]

Bought at -15%, bought again today, waiting for -25% to buy more. Finally a decent sale!

[markbike528CBX]

A 30% decline from the alleged "top" of 3393 gets us to the Original Top of 2380.
After that there be dragons.