The market is expecting Biden to be sworn in next week. Investors have bet big buying companies they believe will benefit with a Biden Admin. If "out of nowhere" Biden did not get in the market would consider it a "Black Swan event". The market will drop big as those investors unwind their positions. if you are thinking about getting into the market consider waiting until this is played out. I already shorted the market yesterday. i intend to hold my position until after next Wednesday. If the market does what I believe consider it a gift. Then think about getting in I can tell you that when President Trump gets in who knows how high it will go. I think I would stay away from Big Tech no matter what.
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I put money into the VIX (Volatility Index; has returned to low levels since March crash, stock market rally beginning to stall and with an event such as the one we expect... I think a huge correction is coming). Also put a small amount in Facebook put options. If DJT takes down Big Tech, theres nothing stopping those stocks from crashing.
not investment advice just offering my insight
yes,me too. I don't know anything about the markets so don't believe anything I say. That should cover it.
Do you trade the VXX? $15 looks good for a buy.
Yes! VXX, VIXY, UVXY are all Electronically Traded Funds (ETFs) which encompass Short-Term Futures. So... say a major event happens which shakes up the market greatly, volatility would skyrocket. These ETFs were trading $50, $60+ in March just from the virus scare.
Noob question. Why would those go up if the market is tanking?
Edit: Nvm, I see that those indices are specific to volatility.