Hopefully you don't feel like the guy in blue from the Italian national team.
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13 comments:
Which double short? 200ema looks like on its way to fall,a second time. There are those who have enough money to nudge the mkt, so says Crammer. A whole lovely weekend to think about this. I'm not emotional, but my poor wife who will have to endure me.
Russell 2000 value index down another 4% today. That's a steep decline of 13% since July 16, or thereabouts. It's too bad that the mythical "Ultra Short Low Liquidity Index" would violate some type of Heisenberg non-tradeability principle.
We know one person who was certainly "double-short" today; Sam Molinaro - LOL!
Well, if it makes you longs feel any better, I am a "badly timed short" on housing and related stocks from last summer. I have been holding my short position for over a year (yuck) and I assumed the homebuilders had seen the worst so I tried for peripheral industries. Even with two good weeks (and today was really good) I am still down a few thousand. But seeing I was down a couple ten thousand a few weeks back, I still have hope. Timing is everything, and now is _not_ the time to buy.
I called this top on the 16th right here on this blog....damn I'm good :)
"A man looks in the abyss, there is nothing staring back at him. At that moment he discovers his character. That keeps the man out of the abyss."
"The main thing about money, Bud, is that it makes you do things you don't want to do."
GREED!!!!
While not a REIT ETF.....as a mut fund CGMRX is doing well this year.
Heebner is a smart guy.
Heck, I wish I felt that good
Roger,
If Monday is bad can you post a picture of Chip from Animal House getting spanked.
"Thank you sir, may I have another"
Recent market action dictates that individuals should be looking through eyes in addition to their own to construct a vision for investment strategy.
As Roger knows, I have been posting lists from respected analysts in quantity lately to allow other services to give the individual investor not only stock picks, but hope.
Roger does the best job, imo, of keeping a level head during turbulent markets, and his sense of humor and perspective certainly helps. His picks and comments add further to forming an investment plan for current times.He is head and shoulders above Carra-types in every respect except in the production of gobs of statistics and blog clutter.
T, thank you for the very kind word.
Andy you did call that top, props on that action but not cool for failing to give the name of the Hal Holbrook character in Wall Street; Lou Mannheim. HA!
Monday may surprise, the market is over sold. That said the future looks rather bleak.
I also think people are afraid of another 2000 top so they will be quick to pull the trigger.
oh well I am certain volatility will be low tomorrow :)
Here's from another badly timed bear. Been short since last November. I was reading too much of Roubini's blog. My losses are being substantially reduced by what's happening now, but I wouldn't add to my short positions at this moment. Also been short the US dollar (FDPIX) which was a good decision, but thinking now of buying swissies and yen. and holding on to some gold. I'm eager to get back into the markets after this is all over and there is some clarity to the global economic picture particularly wrt Asia/US.
The Italian guy is a good type for the buy and hold folks. He has a headache in the picture; but a short while later he wins the cup with his team.
I myself have been using shorts for a short while now. That's the only way I will use them. For a short while.
I will most likely hold on to them through September since September is traditionally a bad month for stocks. I am betting that the Market will be lower at the end of September than it is now.
I have about 10% total in: SDS, QID, TWM & SRS.
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