Thinking about buying some for my IRA. I like the new President's track record. In your opinion, is this a gamble on oil, or a solid investment for the future? (and yes, I know nobody here is qualified to give financial advice, yadayadayada... ;-)
My bro's in this bad boy and would love to get out above 5.10. Do you guys see today as major consolidation? It is over avg. volume - and it's Tuesday. I was hoping the news would help pop it. Sell the news I guess.
Won't be long till DOW 4k-5k! Everyone's a bull now :-)
good video to watch if you already haven't:
Just posted a great video on my blog- has some guy waaay smarter than me predicted the coming correction passed March lows.
That's because we're out and the printing company just filed bankruptcy.
Some scary thoughts, there- but thanks for the quick response. I'm actually going to buy my first gun (well, except for the Red Ryder when I was 10) next week. Have a great rest of your week!
Emerson- Thanks for the link to that very insightful post. Quick question for you (as I value your opinion after following many of your posts). I am one of the little guys caught at the bottom of the wealth gap. I had about 20k in my IRA fund 2 years ago. Obviously, it's much lower now. I've moved everything in that fund into DOG (an etf that basically goes opposite the DOW). I've done this a tad early, but will wait it out until the truth unfolds and the market corrects itself. Just wanted to know your thoughts. Thanks!
You're Crushing It! What's your take on the next 6-18 months (or do you just go with the trend and wait for the price action to dictate direction)? I would have loved to stayed a bull the whole rally, but chose (like many others) to try and pick the top. Lesson learned!
Nice. Still a Gator- my bro just graduated from UF Law. Coincidentally, he and I have been playing FAZ quite a bit (though the decay will kill ya). I'm short GS using PUTS, so I have time to wait for the collapse. I wish I could be the bull I once was, but I'm not seeing too much optimism out there (other than the fellas at Sachs :-)
http://www.mission-trading.com I don't know either, but my guess is DOW 4500 by Christmas 2011. Go DOG for investors! FAZ it up, traders!
That's the exact post I linked from my blog yesterday! I definitely see the comparisons to the 'Great Crash'. I'm in DOG for the next 6-18 months. FAZ is good for trading, though. The crazy thing about DOG is the yield while you wait for the correction :-)
I'm outta FAZ for now (just too hard to figure out...for now) If more of this starts happening:
Up FAZ goes--unfortunately for our country!
Um...not great. I've left my post of shame up for all to heckle. My bad- but still believe we'll retest March lows!