@Starcade I anticipated the market dropping significantly after #Drumpf stupidly authorized the military attack on #Iran to "get his way."
However, while the drop in the market will do serious damage (at least temporarily) to the value of investment accounts (yours, mine & everyone else's), the increase in #MarketVolatility as measured by the #VIX is a good thing from my perspective because it increases the internal valuation of the #SP500 #Options that are traded in #SPYI and yield the income from that #EFT that I have come to enjoy.😊
Good thing I cancelled limit orders on #SPYI at $45.25 because they would have been filled at the market opening.
Still averaging down but I going to wait to see how much father the markets are going to drop based on the technical charts before buy any more.
Looks like the stock market is going to open lower again today. The #SP500 #Futures are now down about 0.9% at the moment which means 2 limit orders that I have in on #SPYI will probably get filled immediately, which is ok because I'm averaging down & expect the markets to go even lower in the near term.
The current near term forecast is for the SP500 to drop another 5% in the next 3 months down to around 5300 & to end the year no better than around 5700-5900 which is a gain of only 2-6% from its current level at 5580.
https://finance.yahoo.com/news/goldman-sachs-analysts-overhaul-p-110754005.html
sgt1372
