so sad to read posts like yours. People who think QE will keep the markets going are simply dreaming. Your like a welfare case asking the govmt for handouts.
The markets are 40% overvalued by traditional ratios and it aint different this time. get ready to be spanked hard.
the mots are heading a lot lower. My guess is 70% but simply to get to normalized lt ratios it must fall 40%.
Margin players once again will be wiped out. Dont listen to Wall Street as they will always tell you to buy while they sell. Listen to a guy who's made mistakes in the past, acknowledges them and has made a fortune since the Nasdaq crash that basically wiped me out from margin.
Short and buy puts, and get out now!!
its so sad to see such optimism when all signals pointing to a massive correction in market. Once again, the sheep are being led to slaughter. Lighten up or sell. You will get destroyed especially if you are on margin.
It aint different this time.
Todd, your response makes me thing 3 possible things. You are either very emotional, dumb or clueless. These are 3 different states of mind.
I will repeat what I wrote in a bit simpler form so you "get it "
The markets are pumped by the fed and not by reality as historically we are 40% overvalued to standard ratios.
I think markets will go down much lower than that on simple panic and illiquidity. Between 50-75%. ( my opinion )
BUT the mkt will revert to the average ratios so minimum 30-40% drop. ( simple math )
SWKS will be hammered in this rout.
longterm, you MAY be ok...but be prepared to take at least a 50-70% haircut over the next few yrs.
Its not SWKS that is a bad company, but the economy will stall and therefore the industry will dramatically stall.
u were saying...the only reason the mkt was up today was because of Mr Bullard bs.
I hate to see people lose money...but you should sell and forget about the markets until they are down at least 30% from here. Folks will be getting wiped out.
SWKS has nice growth in a sector that will slow down. All shares will be down hammered and I am short SPY.
This correction will be a nasty one, I believe over 50%, closer to 70% within the next 3 years.
the mkt is simply rallying on what Bullard said today....MAYBE more qe...that is the only hope for this market.
The trend is clearly still down and shorting is a gift.
I rebought spy puts as well that I sold a few days ago and still short MU at 32 as well as MU 32 puts.
The market will correct another 20-30% before this is over.
Todd, Ill toot my horn here, but at the moment I only have 1 losing trade going...silver futures at 17.45. ( Im basically break even )
Im short MU from 32 and hold 32 puts...and only getting my feet wet with SWKS.
I am not trading the p/e or the earnings...just the trend. What is so hard to understand in that. I do not think the correction is over.
warm, mostly because I think the bulls have given up...even some of the biggest pumpers I know have given up and everyone thinks that the 1180 level will break down taking silver to 15 range.
Im not saying it won't happen, but I am taking the opposite view of the herd. Its all connected to gold, and I dont think gold will break down any further and if it does, it will be very brief...thats why i see a quick rebound to 20 on buying and short covering.
never fall in love with a company. First mistake of investing.
Economic slowdown, industry slowdown means this is heading a lot lower.