#spyi — Public Fediverse posts

#StockMarket . . .

#Drumpf & the #Republicans & their #MAGA supporters own the drop in the stock markets & the rise in oil prices, interest rates & inflation.

Hopefully, these FACTS will be reflected in the results of the mid-term elections to throw out the #GOP bums & give the #Dems control of both the #House & #Senate again so that they can right the ship.

In the meantime, my investment in #SPYI is back to even after being up over 10% which means the stock markets have dropped 10% & in are in a "correction" mode based on #Drumpf's shortsightedness & not based on economic reasons alone, not that there weren't any reasons for the markets to drop apart from that.

In any event, I'm only 66% invested in the stock market & have a lot of $ on the sidelines to take advantage of further drops in the market.

Not hoping for further drops but given Drumpf's lack of military & financial sense, I would not be surprised if the market drops another 10-15%. now that Drumpf has discovered that #Iran cannot be bullied.

@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.😊

https://www.investopedia.com/terms/v/vix.asp

@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.😊

https://www.investopedia.com/terms/v/vix.asp

@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.😊

https://www.investopedia.com/terms/v/vix.asp

@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.😊

https://www.investopedia.com/terms/v/vix.asp