I wish I could borrow TZA or TWM to short but broker never has.
I am looking Dow 25K by end of 2015 do you think that's too conservative?
Do you think it will go that high, my max target was 30,000 Dow and I thought that was aggressive.
10% is not something I would even entertain as possible. 5% neither. I could see 1, 1.5%, 2% at the very outside as long as interest rates stay low there is nothing else to do with your dinero.
I am expecting a slow grind up with no pull backs of 2% or more until interest rates make a surprise move. Anyone think 2500 is too conservative?
Spot of 12, front month 14 and then 15, going to be very, very hard for this to rise. VIX stay under 15 in a month this is screwed.
I hope the market has been treating you very well. I had a couple questions would love your input if you get the chance, not sure if you follow this board now. But,
First what do you think about the market in general? Going to continue higher, or do you think a pull back of some kind is coming? Do you think the market is overpriced?
Second, with respect to GSL, I believe you stated at one point you thought it could get to $10 or $12 and have a dividend of 60 cents per year. Is that still your opinion? If not, what has changed? Many blessings!
Are you saying a recession is imminent, or just that there will be one at some point as there has been periodically in history? I have some friends in financial services and they all seem to feel stocks are a little pricey but will keep going up until there is a recession.
I have been burned by this company too many times.
So you pay the 3K Q1. Then Q2 you lose $5K, bringing you to $5 gain for the year, meaning you have overpaid. Then if you make $5K again in Q3, you would pay nothing, correct, since you already paid 3K and your gains for the year are 10K once again.
How often do you pay them? Quarterly? Let's say you make $10K trading in Q1 and your rate is 30%. Do you just wait until the end of Q1 and right a check for 3K to Treasury and your state authority? Do you pay estimated taxes more often?
You seem to be an advocate of Mr. Hussman. I have a question, since it seems fairly obvious there are strong underpinnings to this market that will probably lead to an overshoot on the upside, maybe 2100, 2200 on the S&P 500, why on earth does he keep buying puts? It has been pointed out here his stocks have done OK but he has been killed by puts which is why he somehow has lost money in this incredible market rally. When does he give up on puts? Never?