All these fools keep buying at any price. We will crash worse this time because this thing has blown up so big on nothing. No fundamentals at all here. It has been manipulated by government games with dollar and rates. Wall Street has manipulated commodity prices and markets with massive upgrades almost daily in last few months to push stocks higher. Its all a game trying to give confidence only. Truth is there is no real recovery just manipulation buying to fool the public with false confidence. Games never end with Wall Street games.Investors chasing returns because of low rates will get screwed by this bubble bursting.Obviously they manipulated overseas markets also to take them higher also.Making everything to look rosy.All of these games to keep sucking people into this massive pyramid scheme.B. Madoff would be amazed.
I have bought 20 $55 Nov Puts. I think this is way overpriced with a 24 P/E. Has anything fundmentally changed in the last 3 to 6 months ? I dont think so. All we have is HOPE. I have gotten into 2 small short positions. One in KSS and another tech stock.
KSS is simply opening up new stores to prop up revenues with a thin profit margin. IMO, this will come crashing down as we approach Nov12. Again I hope my DD is right.
KSS opened stores to gain market share. Same store sales are up vs prior year over the pass two months. Gross margins are up over the past several years. The recession is ending. Short term, you make make some money shorting, but not more then a few $'s per share. Kohls is poised for some nice profit as growth returns.