Tuesday, November 28, 2006

 

Quick Alert: Bears Now Hunting Bulls

I sense a sentiment change and all of my bear friends are predicting the end of civilization-- as we know it. While it's true, the dollar decline is alarming, these Elliot Wave guys are calling for a 40% drop in the DOW.

Fuck those Elliot guys, who want to inherit a scorched earth.

However, I do suggest taking on some hedges and booking those profits, while you can.

# posted by Broker A @ 2:16 PM
Comments:
Broker I am trying to position myself for this as well (if the dippers get eaten or shot or their ATM's get unplugged) and I am curious on the long side what you think is safe? I was looking at: energy, healthcare and the homies (worst baked in) as being fairly safe in that environment. Thoughts?
# posted by Anonymous Anonymous : 2:24 PM
 
QID is a great long if you are positioning for the worst
# posted by Anonymous Anonymous : 2:50 PM
 
Cash under mattress is the best way to position yourself. Trust me it worked back in 2000.
# posted by Anonymous Anonymous : 2:53 PM
 
FXE, MZZ and VLO sounds good to me.
# posted by Blogger Broker A : 2:57 PM
 
Broker:

Do you think now is a good time to buy PALM?
# posted by Anonymous Anonymous : 4:19 PM
 
I hate palm.
# posted by Blogger Broker A : 4:32 PM
 
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