Monday, October 16, 2006

 

Quick Alert: Dow 12,000 Imminent

Believe it or not, the DOW is nearing 12,000-- which many bears believe will be the new "top" of the market. Assholes! I must say, the bears are a pathetic bunch, in general. They really do expect the best, but hope for the worst.

For a bear, nuclear explosions coupled with hyper inflation and a housing meltdown is a fucking wet dream. Don't get me wrong, I short stocks too-- in order to hedge my long positions. But, I never beat off to bad economic data, like some of these fuckers.

In short, betting the house on a super decline, after we already got one in 2000, is ridiculous. For now, the market is going higher, live with it-- bitch.

NOTE: Wallstrip officially launched today. I really like what these guys are doing. Good job and good luck.

Comments:
I'm not sure what you think about Barry Ritholtz, but I'm in the camp who believes he is a serious knob job. For some reason I really dislike the guy. Don't get me wrong I mix and mingle with lots of bears but none of them are as annoying as he is. A real top shelf asshole.
 
No, no no.

I know Barry personally, and he is a great guy, trust me.

I remember when the market was shitbagged in 2002 and he was the only guy I know who was calling a bottom. Guess what, he was right.

I do admit he recent bearishness is a little much, but he discloses zero exposure to shorting stocks.

So, he may believe the market is going lower, but knows better and is patient enough to wait for a breakdown.

As you know, predictions are absurd, since noone knows what the fuck they are talking about.

Just take it day by day.
 
I won't call 12,000 the new top but I bet they stomp on it today when it touches 12,000.

BTW, thanks for the kind owrds about WallStrip!
 
Who knows
 
Yahoo says it's already been touched. I'm confused.

http://finance.yahoo.com/q?s=%5EDJI
 
The "guys" at Wallstrip? I much prefer Linday over Maria or Liz!
 
Nope. Not yet.
 
My bad. The guys and gals over at Wallstrip did a good job.
 
broker a how about a quick energy update. I likey dee action.
 
coming up next.
 
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