The Dow has been flirting with the 20,000 level and the S & P 500 is trading around the 2,265 to 2,285 resistance levels I believe the that the chances of a 10 percent move up from here are slim to none. While the probability of a decline of 10 to 20 percent is over 70 percent that this occurs in the next two months . It is my opinion this will be the start of a 1929 style market crash only worse. It would be prudent at this time to purchase the SPY Feb 220 put which is currently trading at around .49 a ten percent drop in the S & P 500 would bring the SPY which is currently at around 226 to the 200 level resulting in at least a 400 percentt profit on this trade depending on how quickly this happens. Keep in mind that this is only the first leg down in what I expect to be the biggest bear market in USA history. The twenty trillion dollar plus deficit continues to grow exponentially. And yet the sheep keep following each other. The slaughter is coming. Huge profits await those purchasing puts if this occurs.
