I don't need another exotic car but i want to show the TSLA dopes just how dopish they are and I am declaring a short on TSLA and use some of the profits to buy a car that's also selling 4k below cost. Too funny. Watch this trade play out. We are in a new bear market.
Then the dopes will start to die as they always do.
Yup. I still have a lot of money in oil stocks but at very depressed levels, so I am bullish longer term and opportunistic short term. For now nothing has really changed yet fundamentally, the market is still awash in over supply. The last time oil fell was to 10.00 in the 1998 time frame, and that bear market ended when OPEC really came together and took production down and didn't cheat. This will happen again but until it does there will be no sustainable rally. Also the big difference between the bear market of '98 and now is technology and fracking. So it's not even a done deal that supply can be successsfully controled anymore. It may take a genuine increase in demand along with an attempt to curb supply.
Now have to wash them out. I see the move to 49 as a bear market rally, was a great ride but way over done. Look for 42-43 area for a test of support. The bears covered during the rally but no one stayed long either. It was just a fabulous short term trade.
Hey dope, do you realize QE has not done anything for the economy and is the cause of the weakest recovery ever? If there is a QE 4 there will be dopes to buy it but then it will fail and crash. History will remember Bernanke's version/subversion of QE as the brainchild of a weak dope.
There will be some choppy trades but the easy big money has been made. Fortunately a big slice of it is in my account now. $$$$$$$$$$$$$$$$$$ 11.00 up in what three days? Was an overshoot. Let's see if 44 is support.
THESE ARE YOUR CULPRITS OF DOOM