I sold out of everything but a little WNR, GSVC, AG and LCC, raising cash levels to 70%.
Joined Nov 10, 2007
23,433 Blog Posts
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Even God can have a bad day.
FIG.
No, GOD never has a bad day. Just bum-ass day traders.
Wrong.
I finally pulled the trigger too. 80% cash, with future focus on tech and basic materials.
I’ve been at 100% cash for weeks. This was easy to see coming. I have no clue how it ends though.
Same here. Could get ugly.
we’ll have to see about that. when you are long and market is crashing, you:
a.) hold on to your positions till some death do you part
b.) sell on the first day of a sell off?
We just dropped 8% peak to trough in 3 fucking days. Over the past month we have gone through a number of 6% swings, with many industries going straight down. Consider the exponential relationship between percent lost and percent required to get back to even after about a 12% loss, it becomes staggering.
Surprised nobody has brought up the performance of USD/CHF after the SNB intervention. Pretty much a +22% increase in a month!
The trick is knowing how many days will be in the sell off.
you are right about that raising a little more cash
If this is the bottom, let’s hear what you are buying
this was in response to magnanimux
hey, where is his post? too bad it’s erased, these sort of stupidities should stay for the record.
yeah I was wondering about that! I don’t know how to delete posts.
He was banned and any semblance of him removed. Makes me sick to my stomach to see stuff like that.
Anyone fucks with me on this thread and I literally travel to your house and punch your eyebrows off.
When you liquidate are you doing it incrementally or all at once?
My house is upside-down.
my house is sideways
If you wait about 6 weeks you can help me pick the tangerines off the trees.
I have no more fucking house …
I kept my positions and hedged things out with puts & spreads. This market blows.
Prepare to rally!!!!
What are you going to buy here? Don’t be afraid.
i let go some clwr,i will buy it back after reading some good news on it while i was dumping it.
Banks of course…
some fucked up tape here.damn,why dont they just do a lehman on bac and do chemo on the rest of the bag holders.uncle warren would love that
“Uncle Warren” is prolly soakin’ in the tub as we speak … tryin’ to come up with more “ideas” !
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like how he’d like to do becky, on the quick
TLT is your tell. We are in vapor lock shut down of this economy.
Liquidating stocks is one thing but pulling funds from bank accounts? Think it’s that bad?
I noticed banks in my area have had a ghostly feel lately…hmmmm.
how much of that is just front-running the fed’s announcement to buy though?
this is not cool
this market is retarded….
Who wants to bet we close exactly at $10666.10
A fucked up V.King special.I
my ipsu is at 666, sweet no
The market is not retarded. It’s pricing in reality.
Been a long time coming. The leverage and Ponzi style finance is going to be purged out of the system and it’s going to be really painful.
The economy wasw never fixed in 2008. The government papered over the losses by transferring them from the private sector to the government’s balance sheet.
Now that government solvency is now toast in most countries the market is respondign accordingly.
This is the most rational the market has been in a long time actually.
retarded just means slow, I’d say it was very slow to price this in and in a couple days everyone thinks we are dead. Where were they in the spring?
The Edge, Very True…but you are preaching to the Choir.
Is this the moment the central bankers get everyone into cash and then crash the US dollar in an effort to achieve a maximum wealth transfer from the middle class?
“We support the shift of our economic focus from translational corporate “fusionism” to regional subsistence. Subsistence economy focuses on a “natural” way of living. This is not “back to stone age”. It rather means a spiral, wavelike progress out of the life-destroying habits of today’s so-called civilization and accepting and welcoming the complexity of life.
“We support the development of sustainable, decentralized, that is local, high-tech production, combined with local use of local resources. and the redesign of our monetary system according to a fourfold model: 1) economy of gifting (a basic matriarchal feature), 2) counter-trade (barter) economy, 3) complementary local monetary systems for regional trade, and 4) unified currency (for example called “terra”) for interregional and global trade. In our eyes compound interest has to be abolished. Also the concept of “owning” land must be reconsidered.”
http://www.worldshiftnetwork.org/action/subsistence.html
Looks Jeffersonian.
Don’t sell your tlt!
TLT at highs of 2008 level…might want to sell some here…
Shut up.
In 2008 the Fed hadn’t just made a commitment to buy 400 billion in long term bonds. TLT is going to stay elevated for quite some time and will be yet another Fed induced bubble.
I think a major player has a heads up on a Greek default. Expect to hear major news soon.
The dominoes that are the PIIGS will fall.
Consider it a gift from AAPL to get another crack at < $400 before iPhone 5 and later their earnings
More like AAPL @ $380…
Just a thought :
When that idiot at Ticonderoga Securities issued a $666 price target on AAPL a while back …
You just HAD to know this would end badly !
Jeeez !
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Don’t you mean “PAAHH-LEEZE!”
good thought alf, dont piss off the gods
Tomorrow, my friend, is an entirely new day.
That set up on Monday to get heavy short was blasting me in the face and it turns out to have been correct. Nice to get it right once in awhile.
It’s time to bring in the “big guns”…I’ve got two of the biggest.
gonna buy some TNA just for a dead cat bounce tomorrow morning,then SHORT IT FOR BLACK MONDAY
I feel lucky and thankful today. I am expecting a baby in the next week or so, and am mostly cash now. PPT OB got me out at a very good time.
Congrats!
Thanks. Being out of the market allows me to focus on the important things, like never being able to afford to pay for college.
FYI :
Taking about 45% of my TYP “SHORT” off here ! fwiw
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Good work Alf … I think we could rally to SPX 1180 here.
I think it’s to buy that new shotgun I’ve been waiting on…
http://www.youtube.com/watch?v=NZa5wyN0UBc
hpq is acting like van halen, sammy, david, cant make up there mind
Ruhhh Rohhh, I reckon that means it’s time to go long… good thing i hedged my shorts…