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Comments 20
@buffett1000
Posted 30 Jul 2010 at 11:33 pm ¶I really don’t think you should say “Aug Sep and Oct WILL see major fall in indices unless you can time travel.”Most likely” or “more likely than not” would be better. And a question to everyone getting shorts, how have they been treating you? Mine has not been very good to me put it nicely. Like I said I can’t even go long as people are scaring me with the talks of crashes and yet they don’t come. If the market doesn’t crash by year end what then? Still bearish at that point?
Another thing about the talk of fundamentals point to a crash and this rally is unsustainable.I want to point out that in March 2009 the economy was just as bad as it is now if not worse yet the market rallied for over a year. The talks of market crashed imminent or soon get me confused. How soon is soon? A few days, a few weeks, longer? I hold on to my shorts and just keep losing money. When is soon?
Posted 31 Jul 2010 at 12:28 am ¶I think saying the market is sideways is much more accurate. If it’s going down, I’ll be making money already. I’m losing money on my shorts, wanted to go long but all these people saying the market will crash is making me scared to do so. I’ve been hearing about market going down very soon for weeks and it’s not happening. Why stick with a position that’s not happening?
Posted 31 Jul 2010 at 1:17 am ¶@watersings nothing would surprise me from this government.
Posted 31 Jul 2010 at 1:17 am ¶Aug Sep and Oct will see MAJOR fall in indices. Target 4400/4500 on the FTSE and 940 on the S&P in Oct. The low will come in Oct. Then we’ll look for a buy-in for a counter trend rally. US GDP today will lend direction. But even if the market goes UP on that figure and on figures next week..no gains are set to last. Get out of long positions or hedge them.
Posted 31 Jul 2010 at 1:58 am ¶Approx 115 million homes in US and close to 20 million foreclosed / empty, with interest rates at all time lows. Not to mention commercial property……
Posted 31 Jul 2010 at 2:01 am ¶This why Im adding to my short positions. I just finished refinancing my primary residence from a 5.5% 30yr fixed to 4.25% 30 yr fixed and check out this little doozy I found taking a closer look at our appraisal. This is what he wrote “REO and “short sale” listings are approximately 50% of the properties listed and sold of comparable properties to the subject within the past 12
Posted 31 Jul 2010 at 2:06 am ¶months. This trend has increased and appears to be on an upward trend.” YEA, THE TSUNAMI IS COMING!!
@Lockemeister No kidding. Once Bernanke launches QE 2.0, watch out. US will go Weimar Republic, and 2008 will look like good ol’ days.
Posted 31 Jul 2010 at 2:47 am ¶obama’s $5 trillion stimulus is coming. Dow 30,000 by 2012.
Posted 31 Jul 2010 at 3:09 am ¶US dollar is dropping, yet the Dow is dropping. The weaker US dollar should make the Dow go higher. this is very troubling.
Posted 31 Jul 2010 at 3:47 am ¶Crashes are often expected. But they are predicted more often than they happen.
Posted 31 Jul 2010 at 4:39 am ¶@jordan2tagg Why? What’s so special about next Tuesday?
Posted 31 Jul 2010 at 5:21 am ¶Thanks for the daily video!
20 million empty houses in US, foreclosures are increasing rapidly.
Posted 31 Jul 2010 at 6:20 am ¶Got stopped out on bear ETFs today. Tough to make a call now. It seems overbought, but bull is strong. Many are saying no tankage and new year high coming. Fear in May and June seems disappeared now. You never know.
Posted 31 Jul 2010 at 7:10 am ¶@jordan2tagg Hey Jordan me again. Never heard back from you about more specifics on your thoughts, I know you don’t owe me or anyone your time and your thoughts but I’d liek to hear more and possibly be updated on your thoughts pre big things happening. I know you said …the market wouldtank until aug. 3 then rally until aug. 11.. I’d liek to hear more thanks man.
Posted 31 Jul 2010 at 7:43 am ¶Good luck,
Posted 31 Jul 2010 at 8:34 am ¶cover your shorts next tuesday
Posted 31 Jul 2010 at 8:39 am ¶I am shorting again, sold little early today, however made another profit and bought more shorts as market rebounded
Posted 31 Jul 2010 at 9:01 am ¶Other major problem is the coming jump in housing foreclosures in response to alt A and option ARMS resets that are underway.
Posted 31 Jul 2010 at 9:33 am ¶I cannot wait for that knockout punch on the downside. I am short and just waiting.
Posted 31 Jul 2010 at 9:38 am ¶Post a Comment
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