FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York, September 21, 2015. REUTERS/Carlo Allegri/File Photo
Shortly after the market opened on Monday, an investor paid about $31 million to buy 16,000 of January put options at the 2,980 level on the S&P 500 IndexThe position struck about 4.6% below the market’s current level around 3,124 appears to be hedging roughly $4.8 billion in assets, said Henry Schwartz, president of Trade Alert in New York.
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Another fake news story like the one with Ray Dalio?
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Cramer: I'm not worried about a December stock market drop like last year'Nothing worries me in the sense of looking for a big sell off in December,' says CNBC's Jim Cramer. Great picutre don't want to read. It's the best schocked face ever. This crazy guy will ruin your savings someday! Ok well so far this tweet is not aging well but it is only 2 hrs into the dec market.
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Why advisors encourage these older investors to buy more stocksJust because you're approaching retirement doesn't mean you have to shy away from stocks. Financial advisors discuss why it may make sense for investors to step up their equity allocation — particularly if they can count on pension income. Hurry up and buy. probably because they have self interest on that and are irresponsible. For the pump, of course.
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