you guys get that the biggest catastrophe since WW2 is gonna totally destroy whatever's left of your multiple-reverse-split ZSL position, right?
and what is it that you find unreasonable in my arguments?
I am saying:
- there's a sell off in all asset classes
- however, the market is incredibly resilient given the circumstances
- shorting is ill advised in a market where the demise of one of the world's great economies and countries causes a 2 % drop which starts recovering an hour later.
In a true bear market, given the Japan situation, stocks would've sold off 10-15 % across the board, metals would be down AT LEAST that much and maybe a lot more, and there'd be selling pressure even without that huge event.
Shorting into a bull market is anyone's prerogative - it's a free country. But it's still shorting into a bull market. The bullish sentiment has not changed. Otherwise you'd be seeing something way different today.
Anyone who would fail to see that this is still a bull market, and the market's tenacious unwillingness to give more than a few % back with Japan fully falling apart, deserves what they get with their trades.
There WILL come a day for serious shorting, not only of metals but of the whole market. It's just that this is not that day.
I agree, stocks well above my long-term trendline. INCREDIBLE resilience so far in metals and US stocks. Agricultural commodities really eating it today, though, maybe disaster depresses the appetite?
haha yes indeed, today, silver investors are the bagholders, and the ZSL crowd is in the green.
We will have to see whether after today ZSL can move up without a nuclear apocalypse to push it along. Gonna be hard to come up with those, everyday.