S&P will now rally and SDS must be sold here. When everyone is negative on market it is time to buy. I just sold my SDS and bought SSO. Just watch as we close higher.
for nine weeks people have been complaining that CNBC was the mouthpiece for the rally - cheer leading the market higher. people said that the network was unrealistically euphoric that it was creating an artificial upward bias.
cnbc reports the markets - cnbc doesn't make the markets
now that things are deteriorating, cnbc is negative.
you think this means "sell"?
you are the dumbest human in the history of ever
your trading privileges should be suspended
Those were the old days, but now black is white and up is down. the CNBC (Fox news of Mkts) flacks have been bullish for weeks, right in line with the gain in the S&P. Now that they are bearish indicates that they need to appear that they know something about bear market rallies and jump to the other side as everything flips.