The scariest thing right now for those "Not in the loop" that I can sense... as a result of what bashers are posting and what the controlled media is saying, is people thinking that the market is going to keep going up and the doomsday'ers are all full of it.
"I might miss it!"
Goldman-types have made money on every bubble, on the way up and on the way down. The last bubble was oil. They bought low, sold high, and shorted it all the way down.
They ALWAYS need a bubble to be going on. Sometimes the bubble build longer (like housing), and sometimes they build in a 3 months to 6 month period. (Like oil)
THE CURRENT BUBBLE is the "Market Optimism / Gov Pump" bubble. The in-the-knows rode it up, and they are about to short the sh*t out of it on the way down.
The ONLY way to not fall into the trap of the first paragraph in this post (read it again), is to Short this market. This is not even about FAZ. Short ANYTHING. And do it now. Tomorrow the tanking will begin.
We are already in the downward trend. Have been for a few weeks now. Trending downward. Reversing to the March lows. FAZ will have it's up days, and it's down days....and should start trending up in the PPS area in the near future.
I really liked the 15% day we had last Monday, but we are far better off with 5--3 percent days.
I will continue to trade this as often as possible taking little profits here and there. Once it reaches 7.50 per share---or let's use the future share price @75.00 per share, I am going to stop trading it on a daily basis, and change my stop loss on a regualar basis and let it ride for a while on it's own. I may continue to trade it, but when the real drop happens, if you are out of the game or not all in that you want to be in, you may miss a large percentage of the potential gains.
We are playing on the dark side of the markets. And when the markets go down, they go down quicker than you can react to get back in. Market rises in a similar fashion are extremely rare, but a sell off of 1000 points or more can happen in a matter of minutes. The decision to sell is often an easier and quicker decision than the one to buy. When you sell, you lock in your gains or losses. When you buy you question whether this is the right time or not, and moe often than not, there is hesitation. You get it with sells too, but it is more likely to happen when you buy---you are parting with your money at that point. On a sell, you are recovering your money---at least a portion of it or a gain.
Anyway, we are headed down since June 6-9th depending on which index you choose to pick off.
THE CURRENT BUBBLE is the "Market Optimism / Gov Pump" bubble. LOL
I agree with most of what you said, but I'm not convinced that TODAY was the beginning of the next leg down. You know ... "Markets can stay irrational longer than you can stay solvent."
My view is the Eur/Usd is going higher, and thus the market will follow. I'm now seeing 940 as a possible top for the S&P (The 200-day EMA from June). It is also unlikely that the markets will tank prior to a July 4 week-end, they usually get pushed up on low volume days.
"Markets can stay irrational longer than you can stay solvent."
that's my favorite trading/investing phrase....and you're quite right
I own faz, but not sure tomorrow is the day, or if this week is the right one....we'll see soon enough
IMVHO & FWIW
in short, keep on being short minded :)
sell the rally and each and every rally ... it will go much lower than higher from here, so keep shorting ... but, the spike, bounce or however named may take place the next very few days ... EUR/USD may jump just to get the death kiss 1.15 before 1.55
FAZ: $8.50 before $2.50
as long DJI SP500 and others are not trading even below last week's lows, it;s much to early opening the bottles ... if you are bear, make sure you don't wear red undrpants, it may turn into painful experience :)
the big move down will be there, it will be hard landing for some stocks ... but make sure you leverage it right as nobody feels like being GS and the rest of DA BOYS victim :)
Why do you think tommorrow will tank the markets? Normally we see the markets get pumped into a holiday weekend.
I'm not saying you are wrong but where are getting this info? Just a hunch or do you have some information to support it?
I don't know if the market is going to tank tommrow or next month, but one thing that I feel is going to happen is stated in the article that I will post and if you read it you will see that the goal is by September 09 and it has everthing to do with banks.
You have one part wrong. GS made its fortune shorting the market at the same time another division was putting out buy recs. When the other diversifieds came up with huge losses, GS had made its gains on the shorts in 2008. NOBODY held their feet to the fire on conflicts between their offices. If they have done it again, THEY ARE ALREADY SHORT the market.