Buying more today. Take a step back, the VIX is never going up again? The one thing you can bank on is at some point this will turn around and move up as faster than it moved down. You will see 2 months of gains gone in 2 weeks. As long as you don't sell you haven't lost a dime. Time will play out the smoke and mirror game the Fed is playing.
If you honestly beileve that pushing the dollar down to new lows, spending another unaudited $950 billion is going to turn this economy around then you should never have owned this position in the first place. Low interest rates didn't work the first time around and it isn't going to stimulate people buying and spending. They don't have the money and are loosing their homes.
What the real tradgedy is the poor fools whom are buying long positions at these levels and the shorts who are selling. You just have to simply wait this blow off rally out. For the non believers got out and buy an airline stock.....
I wonder how many USD Goldman bought over the last few weeks as the dollar was dropping?
Looks like an engulfing reversal on a weekly basis for alot of stocks. How many weeks of trading were wiped out of CSCO in one day...5... Watch commercial real estate as the bond yields move up over the next few weeks.
Still not worried.
How did Keynesian response work in the 30's?
Buy all the MU you can grasp....they got what they deserved by trying to steal other's IP along with NVDA, unfortunately didn't short MU, only NVDA...
Why would a liberal buy a short?
They beileve in the government controling this manipulation of spending money that doesn't exist and the US tax payer pays interest back to the Fed Banks. I belive that Bernanke has set the cornerstone for the next depression. Everyone was hyped up on the housing market before it crashed. Bernanke said that the housing market was fine before it crashed. Now he says this new stimulus won't cause inflation. Input costs for the US farmer has increased 50% year over year for what they bought in September. Of course food and fuel prices are not going up. The banks get rich from this latest scam not the American tax payer.
By the way I voted straight Republican this week. What long positions do you own and are you adding to them today...probably not.
Just answer this question:
Is there a chance this SACM ETN goes to ZERO?
I am down over 40% now and still holding ... hoping it turns around. However, when you have Benji and a college professor, Obama behind this insanity - who do you think WINS.
A quote I heard that sums all of this up:
"The market can stay irrational longer than you can stay solvent."
This is an eroding ETN and I learned my expensive lesson. People on this board saying this ETN is designed to fail long term were right. This is worse than a casino, more like a lotto draw.