Syria and the stock market result - Off-Topic | futures io social day trading
futures io futures trading

Syria and the stock market result
Updated: Views / Replies:2,880 / 30
Created: by Big Mike Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Thread Tools Search this Thread

Syria and the stock market result

  #31 (permalink)
Market Wizard
Sarasota FL
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
Posts: 4,023 since Jan 2013
Thanks: 29,170 given, 12,778 received
Forum Reputation: Legendary

I was tempted to vote, back at the end of August, that the SP500 would move higher. I held off, because I don't have a lot of confidence in trading on either the news or guesses about what the news will be, nor how the market will react to it.

However, my reasoning at the time was simply that the "bad" news of an attack was already in the market, so the actual event wouldn't move prices any lower... the old saw about buy (or sell) the rumor, sell (or buy) the news.

Since people were pretty convinced at the time that an attack was just around the corner, that logic may have worked even though the attack didn't happen, as the SP has risen since then.

Just now I did vote (9/12/13, 12:13 AM ET), and I added my vote to the small minority that expects the S&P to be higher even now.

Since the current US position is much more pro-negotiation and an attack is not apparently going to happen tomorrow, it may appear that optimism is the better idea, which traditionally implies a bullish outlook on the market.

That may be true, but it's not my reasoning. I still simply think that the bearish case has been built into the market, and is still widely believed, and that the market will, as usual, prove the majority wrong. I think there is enough uncertainty in the current situation to allow more market advance, purely on a contrary basis. And particularly, if the news gets better, it may get the shorts more nervous and keep things going up for a time.

That said, I don't really know how the market will respond to the Syria news (nor what it will be), and I don't ever trade on the news anyway.... some do, and can do it well, but I just don't. And ignoring news keeps me calmer at night.

But I thought I would toss my hat into the ring, so here it is. Time will tell.

Reply With Quote


futures io > > > Syria and the stock market result

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Wyckoff Hunting for Great Risk/Reward Ratio w/Gary Fullett

Elite only

Digging into the Details of iSystems w/Stage 5 & iSystems

Jun 5

Similar Threads
Thread Thread Starter Forum Replies Last Post
We Need a New Stock Market kbit News and Current Events 0 September 14th, 2012 08:08 PM
Stock Market Correction? Yep, the Market's 'Fever' Has Broken Quick Summary News and Current Events 0 April 9th, 2012 08:20 PM
EU to Prepare ‘Further Restrictive Measures’ Against Syria GridKing News and Current Events 0 March 2nd, 2012 07:56 AM
Pentagon weighing up military options in Syria kbit News and Current Events 0 February 9th, 2012 08:11 PM
Does every stock market in the world have market maker/specialist? lokgotkent Traders Hideout 4 June 18th, 2011 07:22 AM

All times are GMT -4. The time now is 08:47 PM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-05-25 in 0.07 seconds with 19 queries on phoenix via your IP