I predict that the S&P 500 will be well under 5,000 by September 30th

Jake Starkey said:
Trump's emergence was the final straw. Look at the mess he has created. The end of the Republic. The end of trust in the rule of law. The end of trusting SCOTUS.
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What "mess"? What "end of the Republic"? What are you even talking about here?
Jake Starkey said:
We are now an authoritarian government with both parties trying to become the Single Party of government.
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??? You must've been under a rock during the Autopen Regime...

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Jake Starkey said:
The point was made. Both parties are acting fascistly, the GOP more aggressively so.
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The Democrats seem to be the first to recognize that problem and appear to be moving back to center. Less "We know what's best for you" and more "Tell us what you need".
 
Jake Starkey said:

gfm7175 does not get that he is reinforcing what I am saying.​

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It would appear that you are the one who doesn't get it. gfm7175 isn't saying anything of the sort. He is asking you to explain your absurd assertions. At the moment you are simply raving incoherently.

Jake Starkey said:

Both parties are doing it.​

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Doing "it"? Please don't feel as though you need to be so specific. At least you weren't vague.
 
Walt said:
I predict that the S&P 500 will be well under 5,000 by September 30th, and I put my money where my mouth is. I have bought a bunch of SPY puts centering around a strike price of $500, all expiring on September 30th. If the S&P goes down to around 4,000, I will make quite a bit of money.

If the S&P 500 stays above 5,000, then you can laugh at me 🙃
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This is truly a classic. You don't get one like this very often.

@Walt, I haven't had time to check so I'll just ask you ... has the S&P 500 reached a new record high recently, like today? If you could find out for me, that would be appreciated.

I think the S&P 500 Index would have to close at something like 6,642.16 to actually reach a new record high.

This is a great thread that you made. Love it.
 
IBDaMann said:
has the S&P 500 reached a new record high recently, like today?
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No, you are mistaken. The S&P 500 reached a new high a month ago. It has been flirting with a drop ever since then, dropping a bit today, and the day before yesterday.

As I mentioned I have a bunch of SPY put $660's, and the closing SPY price today was $652.53... That makes this a very good day for me, but it could be even better.

IBDaMann said:
I think the S&P 500 Index would have to close at something like 6,642.16 to actually reach a new record high.
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Yesterday, it closed at 6,642.16, which is 4% below the high. At that point, my current investments are ahead by a bit. Today the close was 6,538.76, which is 6% below the high. At today's close, I am making quite a bit of money.

IBDaMann said:
This is a great thread that you made. Love it.
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It does show what you have to go through if you want to make quite a bit of money at investing. It is particularly difficult if you want to have the money in a Roth IRA. The contributions are capped at an extremely low level, so you need insanely good returns to build a nice Roth nest egg.

Today was a good day for me. Possibly the next couple of weeks will be even better; I mean like 10 to 20 times better. But quite possibly I will lose my non-standard investments...

But even if that happens, I have my standard investments(70% SWTSX/20% SWISX/10%SCOXX). If my options go down, SWTSX will be going up, and I will still have a good day.
 
gfm7175 said:
S&P 500 at this very moment: $6,868.94 Lookin' pretty good, eh @Walt ?
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In all fairness, @Walt has walked it back a little, having stated that his prediction is still completely correct, just off with the timing a little. His latest clarification of "what he really meant" is that the S&P 500 is headed for a CRASH, defined as a 10% drop (i.e. a correction), and when that happens, he will claim victory and take a victory lap.
 
IBDaMann said:
In all fairness, @Walt has walked it back a little, having stated that his prediction is still completely correct, just off with the timing a little. His latest clarification of "what he really meant" is that the S&P 500 is headed for a CRASH, defined as a 10% drop (i.e. a correction), and when that happens, he will claim victory and take a victory lap.
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Wally is broke and carries zero credibility.
 
IBDaMann said:
In all fairness, @Walt has walked it back a little, having stated that his prediction is still completely correct, just off with the timing a little. His latest clarification of "what he really meant" is that the S&P 500 is headed for a CRASH, defined as a 10% drop (i.e. a correction), and when that happens, he will claim victory and take a victory lap.
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Ahhhhhhhhhhh, gotcha. ;)
 
IBDaMann said:
I notice that if the S&P 500 were to TOTALLY CRASH by 10%, it wouldn't fall below 5,000 ... in fact, it wouldn't fall below 6,000.
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I noticed that too. So even with a "TOTAL CRASH", the S&P 500 would still be considerably above 5,000........... In fact, it would even be considerably higher than it was back on April 30th when Walter first made his prediction that the S&P 500 would be "well under 5,000" by Sept 30th) ...
 
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gfm7175 said:
I noticed that too. So even with a "TOTAL CRASH", the S&P 500 would still be considerably above 5,000........... In fact, it would even be considerably higher than it was back on April 30th when Walter first made his prediction that the S&P 500 would be "well under 5,000" by Sept 30th) ...
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Correct. The S&P 500 would still be considerably higher than what it was back when Walter made his totally correct prediction that was only off a little on the timing.
 
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