Friday, December 12, 2014

Check out my shorts!

Check this out.
Each and every single line of that chart shows the daily performance of every trading day since 2014 on a percentage basis.

Given that in a typical year there are about 250 trading days and we are almost at the end of the year, let's just say that maybe 235 days has passed since the start of the year.

Given our historical data, there are 5 times that the market closed higher than its current point today.
There are 234 times that it closed loser than its current point today.

I take it that the odds that the SPX closes below its current level of 2054 to be about... 97.5%.

I like my odds. Shorts baby, shorts.

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