VIX was 150 in 1987, don't go by that. While no records
are available for 1929, we are going to get a taste of what that
felt like.
Use any bounce to sell the hell out of whatever you still own,
don't think about short sales, puts. . . too late and volatile/exp
for that now. Next i think we will see the frightended boomers
bailing out of retirement accounts while they can.
Why to think we are headed lower besides the goofs calling
every dip beyond 10 points a bottom? The following is what
i use as a guide for price direction, shows too much bullishness
and down as the direction. Please remember the market was
down most ever and the long speculation was rampant!
SSO (Double Long S&P) Volume: 76.8 MM
SDS " Inverse Short 55.2
IYR Single Reit Long ETF Up 18.9
SRS Double Inverse Short above 5.6
QID NAS short double ETF 58.1
QLD reverse of above 52.9
If you doubt me on the above look at the following:
DIG OIL ETF up 16.1
DUG reverse of above 17.6
Could go on for ever and some days i feel i need to shut
up. If you want to argue the above, fine. If oil does
not show the ultimate wrong money indicator, you need
your head read.
Get out, worst is ahead by up to 50% on any of the above.
RETEST BOTTOM THEORY???
Give yourself a shake. It may bounce a day or two, but
this is ready to implode as china gets ahead of its needs
and takes the treasury captive.
Good luck all!!!
Do your own research, i know nothing. Gotta go and count
cash and stack cans in the survival bunker. No LOL as i
am getting halfway serious about this being out of control
and beyond the scope of the idiots handling it.
I'm definitely not anti-short, but I am wondering about the huge
volume in the double-short ETF's. This is reminding me of portfolio
insurance.
-- Lubow.
"BuffetHater" <Buffet...@gmail.com> wrote in message
news:4362eb76-d6bb-4ef8...@v15g2000hsa.googlegroups.com...
You are missing my point. The double long shows much speculation and
bullishness at a time when none is warranted, IT IS A DANGER SIGN AND
ALWAYS HAS BEEN!!!
Careful.
That's all you seem able to do......gloat about your sexual exploits with
your pig...........
the 'market' is way way to volatile now, with the PPT involved and the
public in a panic and selling sporatically....
the market could skyrocket in terms of dollars if the PPT puts a few
more trillion funny money dollars into it. (a worthless rise as
cost of living in a hyper inflation exceeds).
Or those at the PPT might try to reduce the carnage by lettng the
market go lower..
I think it will be a mix... with those doing puts and calls sawed up
badly... some will be lucky... the insiders knowing what they will do
next... will get rich on these (deliberate suckers markets).
Phil scott
" BARACK OBAMA IS A DANGEROUS COMMUNIST "
Mike
Your drip a/c? You own $26 worth of stock you idiot. Remember your
last drunken post saying you sold half your position of 3 shares of
HOGS
to hold 1.5.
Not joking, Comics is a homeless street person. Bluhh is his same
sex partner. Pair of Homos, LOL.
vito
"BuffetHater" <Buffet...@gmail.com> wrote in message
news:4362eb76-d6bb-4ef8...@v15g2000hsa.googlegroups.com...
> While no records
> are available for 1929, we are going to get a taste of what that
> felt like.
I wish...if this plays out like 1929, by March 2009 we will be
at around 13,500 on the Dow Industrials, a 60%+ increase from
here...
Your problem, as usual, is that you were ALREADY senile
by 1929, so can't remember it...
---
William Ernest Reid
Post count: 1223
Phil scott, post count over 50.000...maybe 100,000... a lot of
blabbering proves nothing.
Mr. W.E.R.,
I read this as you have a long bias on the markets at this time? I
wrote some naked puts that just went in the money again today (first
time since last friday), wondering if I will be owning these stocks in
two days or not... Been shorting and mostly cash this year, much like
what I was alluding to when the year opened.
http://groups.google.com/group/misc.invest.stocks/msg/3ea073b3077592af?dmode=source
This is the first time I have involved myself in getting long this
year, the only other long positions I took were things like TBT, SRS,
SKF, and other short biases. Otherwise my longs were for flipping;
some successful and others not.
Which leads me to wonder... The MIS contest is horrifying. Did they
not allow shorting for that contest?
> this buffethater seems to have a sick fascination for swine ?
>
.....talk about understatements.........
Read more carefully...I merely pointed out that after a terrible
September/October/November 1929, where the stock market
lost about 50% of its value from its peak, it rallied 50% from its
bottom by spring 1930...and I said "I wish" this would be like
1929, since it would give a LOT of people a second chance to
possibly salvage some of their retirement "savings" after
being trashed by Wall Street...
> I
> wrote some naked puts that just went in the money again today (first
> time since last friday), wondering if I will be owning these stocks in
> two days or not...
Who knows? Well, maybe some people know and aren't telling...
> Been shorting and mostly cash this year, much like
> what I was alluding to when the year opened.
>
>
http://groups.google.com/group/misc.invest.stocks/msg/3ea073b3077592af?dmode
=source
That's not a particularly prognosticatory post, IMO. I've been putting
up some old posts of mine from YEARS ago that were eerily predictive,
but as I always point out, a LOT of people knew this day was coming,
and several of them posted it right in this group...
> This is the first time I have involved myself in getting long this
> year, the only other long positions I took were things like TBT, SRS,
> SKF, and other short biases. Otherwise my longs were for flipping;
> some successful and others not.
In 20/20 hindsight, the best general strategy would be to have
just shorted all financials with exposure to sub-prime CDOs into
the dirt...but you would have to have been prepared to implement
this strategy at the right time from research done years ago...hence
the old posts...
> Which leads me to wonder... The MIS contest is horrifying. Did they
> not allow shorting for that contest?
It was allowed, they were all bullish at the end of last year.
"Lowbrow", the contest-runner, was openly exhorting people
to buy stocks based on silliness like the Republicans would
manipulate the stock market, stock market "never goes down
in an election year", he bought all the scary dips 2007 because
that's what he did in the 1987 crash, etc....
Bottom line, the people who participate in those contests
are largely idiotic fakes who don't know the first thing about
the stock or any market and prove it by wasting their time
in silly contests when in real life the REAL contest, the
one that COUNTS, is going on all the time...
---
William Ernest Reid
Post count: 1225