Quote from: figmentofmyass on February 03, 2019, 12:04:04 PM

Quote from: The Pharmacist on February 02, 2019, 09:59:10 PM

Quote from: o_e_l_e_o on February 02, 2019, 08:23:35 PM

How do I short the world?

If my memory serves me correctly (and it may not), I recall reading a book about Jesse Livermore who was a legendary stock trader from almost 100 years ago, and he found a way to do almost exactly that. He saw a huge recession coming and shorted a wide variety of stocks. I don't know if you can short index funds, but you could probably make a ton of money doing so.

i've been watching permabears trying to short the stock market for years---such a dangerous game. many trading accounts have been destroyed trying to front run the next 2008. if you wanna try your luck, i suggest the proshares 3x short s&p500 ETF (SPXU) for maximum exposure. Wink

the fact that everyone sees a global recession coming right now tells me it's not happening yet. especially after that v-shaped recovery in stocks. i think people are jumping the gun by a couple years.

I must have missed your reply here, but now that I saw it, I have to say I agree--people are probably being too quick in saying an economic disaster is on our doorstep by a couple of years at least. There are always people saying everything is going to crash, even in the best of times.

Italy is just one country; it's an important one, true, but it's certainly possible for a single country to be doing badly while the rest of the world is thriving. Remember Greece? How about Venezuela? You'll know we're collectively in trouble once the rot spreads to whole continents, and right now things just aren't that bad. Certainly not bad enough to start contemplating a short sale of global stock market indexes.