I have been trading SRS for three years, but this is the last time, I know that the markets are being munipulated for the good of the country, but I did not think they could pull it off, I bet against GS, Fed, and all the other people I thought would fail. It looks like I was the one that was schooled, the banks got the money bought treasuries to fund recovery, Fed bought all the loans to support low interest in housing recovery. The only slight problem with there plan is that it will come to an end, and not a very good one, the good part is going to be watching them sweat when it falls apart.
You are smart but as for me and my rightuous nature, I will continue to fight what looks like a losing battle for me and my $$$ hoping that I will be short when the scam does get revealed and the entire world sells every bit of american debt and equity that they own.
So are you buying stocks, treasuries, putting your money under the mattress, or shorting stocks???
I am 100% long with covered calls sold on all items, then I am 10% long on margin and 10% short on margin with hedges in place on my HMY gold short.
If there is a market correction, I believe it will be rather slow....probably take 2 years to get down to 6500 on the DOW again...then again, it may never happen so I am long all high yield items such as CMO, NLY, ENP and NMM, collecting between 10 adn 15% on my money and getting nice call premiums as well.
Please let us know what you will be doing with your money