Investing General Discussion

Tide27 said:

Supposedly our money supply is backed by the gold standard. If it was ever to get out that Ft. Knox is actually empty, it would cause a global monetary crisis in my opinion... out entire monetary supply is based off of a gold standard, and yet no one really knows if it exists or not.

Click to expand...

Jysin said:

That is definitely a positive start. My fear is the upcoming earnings season kicking off next week. We are likely to get a ton of pulled guidance. Aka more uncertainty.

All of that said, I am quite long on the markets already from the lows. Happy to sit and watch it chop S&P 5300 for a while and try to find a base. I really hope we aren't going to see lows again, as that is going to get a lot more panic and fear roiling markets.

While volatility is great as a day trader, this extreme range is exhausting. Seen a lot of dumb traders playing options without stops get absolutely blown the fuck up last week. Even crazier to me is people holding options overnight. The headline risk is insane. Getting trapped in options overnight (or a weekend like this) after a big headline hits and being stuck until market open is just unacceptable risk.

Click to expand...