The Seductions of a 50-50 Bet

The current E-Mini S&P tout highlights the risk of betting aggressively with stocks at these airless heights. Look at the chart that accompanies the tout and you may conclude as I have that a spectacular move in either direction is possible. It’s not a 50-50 ‘directional’ bet, however, since, as we all know, the futures could swing wildly in one direction, then the other, before embarking on a major trend leg.