No need to be greedy but I took a lot off as we ripped today. I have banked some cabbage that I stole from The Fly’s account these last few weeks.
In all seriousness the bear market has begun. We will get a ripper of a rally or we may retest the lows but make no mistake things are different now. I think the crash scenario is off the table at least on this leg lower. High yield spreads are tight and will be getting tighter. My exposure has been taken down from insane margin levels to short a few single stock names and a little short the SPY. No options as Vol will come down and crush them. I will reload on the sucker rally and the high-fiving by the bulls. I am going to execute this plan over and over again until the bottom. At the bottom a few years from now I will post this song and flip long. I am trash talking at the request of Jeff AKA OA.
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What’s the point of making money? it will all be gone on the 23rd.
923,
lol good point.
How long you think the countertrend lasts? I honestly think it could be over by tomorrow before another leg down to 1835ish (not all in one day).
In these degenerate,culturally dark days amid times of scientific wonders,I hope my kids can hear good hearted music again.Motown! http://finance.yahoo.com/news/worlds-first-child-receive-bilateral-211400490.html
QCI,
Stop the presses. I just received word of impending doom.
Blue,
They call that a tease in the news media business. You’ve got my attention sir. lol.