Thursday, March 01, 2007
Bulls on the Chopping Block
I haven't seen Nasdaq futures down this much (25) in awhile. If you are just wiping the cold out of your eyes, Asian & European markets have been poleaxed-- and we're next.
If you didn't sell something yesterday:
A. You are a fucktarded imbecile, who has no business running money. Sorry (not really, fucker).
B. You better start thinking defense, right about now.
There are many ways to play the downside. The obvious and popular ways are to buy inverse ETF's, such as QID, MZZ, DOG etc. If you are more seasoned and have a "calculator brain," OEX puts or short individual equities is the way to go.
Personally, OEX puts has always been my favorite way to cut the tongues out of the bulls. Moreover, I am extremely bearish on the Semi's. My new favorite inverse ETF, which shorts the Semi's, is SSG.
Finally, use the internets to help you during these slim times. I have noticed, many financial bloggers are smarter and better investors than 95% of your "professional money managers." Use their insight as a guiding light.
FYI: Your brokers are all idiots.
Here are a few blogs worth perusing, many you already know:
Big Picture
Bill Rempel
Alpha Trends
Get Short
Howard
Intuitive Trader
Trader Jamie
Trader Mike
If you didn't sell something yesterday:
A. You are a fucktarded imbecile, who has no business running money. Sorry (not really, fucker).
B. You better start thinking defense, right about now.
There are many ways to play the downside. The obvious and popular ways are to buy inverse ETF's, such as QID, MZZ, DOG etc. If you are more seasoned and have a "calculator brain," OEX puts or short individual equities is the way to go.
Personally, OEX puts has always been my favorite way to cut the tongues out of the bulls. Moreover, I am extremely bearish on the Semi's. My new favorite inverse ETF, which shorts the Semi's, is SSG.
Finally, use the internets to help you during these slim times. I have noticed, many financial bloggers are smarter and better investors than 95% of your "professional money managers." Use their insight as a guiding light.
FYI: Your brokers are all idiots.
Here are a few blogs worth perusing, many you already know:
Big Picture
Bill Rempel
Alpha Trends
Get Short
Howard
Intuitive Trader
Trader Jamie
Trader Mike
Comments:
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I'm generally a daytrader so I am not bullish or bearish, just trying to take advantage of some intra-day opportunities. Now, everybody is bearish? Thats all CNBC is talking about and just a few days ago there was a good amount of put buying and worry as the markets made new highs. The futures were up at 5:00 AM and Greenspan has been wrong so many times. My chance of being President is possible but not probable (referring to Alans remarks last night about recession). He has been wrong more than right over the years. He started out telling Gerald Ford to wear a WIN (Whip inflation now) button. Paul Volcker was the only Fed guy worth a damn.
Sure got crowded in the "short" end of the boat all of a sudden. When you start to get dizzy and start throwing up it will be time to hold you nose and BUY IMO. (for Daytraders only)
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