The Market Is Down 900 Points, Should We Be Worried?

Posted On October 26, 2020 2:25 pm
By: Steve Smith

Right now, as I write this, the market is getting hammered.

With the election up in the air, Covid seemingly starting a second wave in Europe, and earnings season in full swing….

We have a massive amount of uncertainty in the market.

And what do I always say to you? The market HATES uncertainty!

The fact is no one wants to get too far out in front of the unknown.

However, as the old Chinese saying goes, “This, too, shall pass,” and when it does I expect the market to bounce back nicely.

Once we know who wins the Presidential election, that will remove a lot of the uncertainty…

And I am fully prepared to take full advantage of the rally I expect to see…

In the meantime, in Options360 we are taking a “wait and see” approach.

Successful trading sometimes requires an aggressive approach and sometimes requires a more reserved approach.

Right now, we need to be reserved.

In short order, we will be very aggressive.

Right now, is the perfect time to grab your trial membership to Options360.

By the time you go through the new subscriber orientation materials, you’ll have a chance to ride the bounceback with all of us after the election.

Click here and grab your $19 trial membership. If history is any indicator, you may very well end up paying for your full subscription in just a few trades next month!

To Your Success,

Steve

PS. Yes, the market is being beaten up right now. However, my subscribers and I are “licking our chops,” because we expect to ride a big wave very shortly. Click here and claim your trial membership now!

Tagged with: options360

About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.