The newly minted geniuses are now being tested. Trust in your abilities to navigate these waters and account for another leg lower.
With crude at new lows, it’s very likely that we will begin to descend back down to the lows of last week. The very idea of $70 crude frightens people. It’s funny what a decade of super expensive crude can do to the minds of normal people. We now crave higher gasoline prices, in order to rubber stamp global growth and everything being ‘okay.’
Should the market rally off the lows and momo stocks catch a bid, you should sell them. Everything runs on crude, even America.
As for me, I’ve already thought this through and understand the risks associated with holding stocks in the midst of a maelstrom. The prospective losses are acceptable, providing I am permitted to make them back. I am pleased with most of my holdings and will tweak them whenever necessary.
But it’s important to not act rashly and understand that VIX instrument products are nothing more than a gateway drug to a lifetime’s worth of agony and dishevelment.
Keep your eye on the close for confirmation.
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We are NUGT and UVXY, destroyer of young investors’ worlds.
There will be an opportunity to short this market. I don’t believe that opportunity is today.
Crude dropping is not good, but it’s not exactly a “new” thing that’s going to reverse the market and wipe out the massive gains of the last three days, in my opinion. That said, and much to your point re: navigating possibilities, I covered my bond short for a wash.
Mostly cash, waiting for a better time to buy or sell something. Vague? That’s why I’m in cash.
Crude seems to want lower. Hits 76 dollar and I’m in.
i think we bounce from here and go straight to 2100 cuz the mkt is full of psychos
SPY down .5% VIX up 10%..makes perfect sense
I guess it’s just an excuse for market behavior.
I can’t even begin to tell you (not that you don’t know) how many times in the last 30 years the markets wanted lower crude and gasoline prices as it’s a tax cut and will result in increased consumer spending.
Sethster for Prez 2016!!
I shall be vindicated. Hillary has no chance. I would have sold at higher prices, but since this is in my IRA, I need to wait 3 days. I am in low enough, that I still had a profit as of the lows this morning.
So come on and enjoy the rollercoaster. Le Fly knows you can make money with UVXY. It’s basically a stock that trades like an option.
Options have more liquidity.
I will make a return soon.. This time for those who are short the VIX
I don’t understand Cap’n; you said you believed Wednesday would possibly be a downturn, and here we are; yet you bought a bit over the last few days… If you really believe that a retest of last weeks lows is likely, why didn’t/don’t you go short, or at the very least lighten up today and wait UNTIL that retest and then load up?
Crude is going to $50. This is how the West is punishing Vlad for his naughtiness in Ukraine. We can’t bomb Russia and sanctions only go so far. So drive the price of crude into the ground (me so funny) and then when Vlad says sorry, stick it in him one more time and then let it rise. Also, fucks the Middle East sandbox.
Or the sandbox folks and their paid off sleazy supporters in the USA are trying to screw the Bakken…
I see the breadth supporting the move up.
lost so much $ today from SVXY foodstamps are in my future…going to figure out how to apply
Don’t feel bad; nearly 50,000,000 Americans are getting foodstamps these days, just hold out for a Prez Ebola phone and vote for the Demonrat party create a welfare state with Obamacare next month!
Do a multi application while you are at it and you will be able to spend your days at the beach.
Go for housing vouchers, Medicaid, transportation vouchers, an Obama phone, earned income tax credit (no income required), education grants, etc.
Buy Everything at open tomorrow.
Test?
Premature … this quick/sharp down leg will be followed by a quick/sharp up leg and when that peaks (1956 or 1973 pivot) then prepare for the test but more likely new lows.
At the track sometimes you have bad days. Chasing your losses to try and get even is a low percentage fool’s errand.
Heard at Belmont Park; “scared money is lost money.”
Hmmm, YELP crapping the bed.
You’re all scared and you’re gonna fail the test. http://www.youtube.com/watch?v=t2Mpkb7rKjs
OIl going to go virtually to zero as well death & destruction to oil companies …. rumors of cold fusion are making the rounds
well, who know? 😛
http://pesn.com/2014/10/10/9602543_Apocalypse-Revealed–The-Four-Horsemen_of_Andrea-Rossis_E-Cat/
It isn’t cold fusion. In theory they have found a way to contain and channel the energy from fusion using magnetic fields….of course this remains to be seen but Lockheed isn’t just your average whacko saying they can do it. http://www.universetoday.com/115411/fusion-energy-always-50-years-away-now-just-5-according-to-lockheed-martin/