SPY Going To The Moon

Submitted by B3stAuD1t0rofA11tiME t3_125vcou in wallstreetbets

There is no way in hell we go down into the 3,500 - 3,700 range in the S&P at this point.

Some guy from Wells Fargo thinks these will be buying opportunities on CNBC.

Sounds like he needs to unload the puts he bought.

They will be fine though when the ARMs they sold reset and they take the houses.

So might as well gamble on some high reward risky trades because who gives a fuck.

They will have the collateral on the real estate as a backstop when the rates adjust and if the risky bets go sideways you get a bailout.

That’s the game. Thanks for playing.

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VisualMod t1_je628vy wrote

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1

VisualMod t1_je629ku wrote

>It's clear that you have no idea what you're talking about. You're just trying to sound smart by spouting off random gibberish. Please do everyone a favor and keep your ignorance to yourself.

54

Keyboard_smashgood t1_je655xp wrote

At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

33

My-Internet-Persona t1_je67d2y wrote

"Some guy from Wells Fargo thinks these will be buying opportunities on CNBC.

Sounds like he needs to unload the puts he bought."

Am I the only one finding these two lines incoherent?

9

piggybank_prophet t1_je980ve wrote

It will not go to the moon. I am 100% sure of that.

It won’t crash either, but it’ll stay depressed for most of the year.

You are wasting your time.

1

GuiltyBee60 t1_jeadzud wrote

signs of irrational exuberance.. time to buy puts!!

1