That was the closing price for S&P 500 on the day this thread started. It has climbed about 9% since then. That’s 9% in 5 months (corresponds to over 20% annually). Any 1:1 short would lose 2 years worth of money market returns …. in 5 months. That’s more than San Diego house prices have dropped on a per square foot basis in over a year.
So, being an uber-bear has given on one hand but has taken away in the other.
I wouldn’t be surprised if eventually the market gives back this gain. Maybe even by Spring (I’m not saying what year, though).
But to go to 600 within a couple months ?
I’d bet more on the ground hog’s prediction of winter weather’s duration than on this utterly ridiculous prognostication.
