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If the market does crash the way you think it will you can make a killing betting that it will crash. I almost bought a bunch of puts during the last recession
by jarsin 8y ago
If the market does crash the way you think it will you can make a killing betting that it will crash. I almost bought a bunch of puts during the last recession but did not pull the trigger cause i did not know enough then.
- mjevans 8y agoOnly if I predict the timing exactly right. I don't trust my self to do that.
- jarsin 8y agoI admit if you want to get mega rich you need timing and a big risky bet, but during the last recession there was a decent period of time when the writing was on the wall and there was plenty of time to get into profitable short positions. I very clearly remember oil being very high even after lehman collapsed etc. If i remember correctly you had 6 months before the crash.
- vagab0nd 8y agoWould you consider the writing to be on the wall today?
- jarsin 8y agoNo not even close to like it was back then. Literally every major media story was in total panic (not just the financial websites). Layoffs at almost every company were already taking place. Massive banks were on the brink of failure and still there were plenty of short opportunities in the market. I quickly looked at the oil chart and looks like oil was still above $100 when lehman failed. It dropped way down to like 20's.