that is the problem with trying to make money on short side.Ttaders didnt go short until late friday in AH they might get burnt
gee frank you think the ppt will step in front of this train...or as an 86 year old male perhaps you are getting a little senile.seeing as how i have known a few people your advanced age and none can use the internet.i will assume you are having your grandkids type for you.
Lol boy genius knows when traders went short. This is the same dope that's been saying there's been short interest all the way up.
Personally, I'm short for last 3 days. Some longer. Some will read the news this weekend and call their broker before the wife spends 2010 profits at the mall. some couldn't care less about ONE days trading.
You, my friend, are a dope!
The consensus is that market goes down. I don't care if it goes up or down, and you should't either. Any successful trader knows you follow the trend - whether it's up or down. Bears have been clamoring for a correction for a while, and they might just get it finally. But, I will hardly speculate which direction because it all depends on what MMs want to do. Do they prop it up one more time to make it appear dip buyers are getting their perceived value or do they just pull the rug away and let the correction start. Either way, I am playing the trend.
"Most Brokerage houses are calling for SPY to be up 15 percent this year"
Perhaps, but not today... not next week, next month or next quarter.
First, we go down at least 15%, and then we'll see.
Besides, since when brokerage houses tell you what they really think?
Which is exactly why spy will be down this year. Like someone else pointed out it was the same thing at the start of 1973.
Nobody with any real $ is fooled by the phony mark to market accounting going on at the big banks.
70% of people feel recession is over and a new bull market is starting
25% feel a pullback dbl dip is possible.
Since both groups have to be wrong only one conclusion: new lows by 2015
It's too risky to take the market higher, no matter how much free money is thrown at the market.
Instead, the big boys will let it fall about 5% to make everyone happy. Then, they'll let it ride up about 1% to make it look like the correction is over. And then, when everyone is covered or long, they'll drop it to h'ell. Not many will be able to avoid the falling knife. It will be sudden and steep.