Too much red to recover today. I sold out of my TNA and jumped into TZA @ $38.
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Joined Nov 10, 2007
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Is it just me or does Bernanke seem a bit nervous?
Like a stoned cat on a hot tin roof.
It’s just his natural demeanor. Every time I’ve listened to him talk, his voice has a shaky/nervous tone to it.
nice one.
Give him a break… he just needs a vacation.
He’s been busy saving the world.
Erect the Bernanke statue!!!
I find your decision to go short fascinating. Market sells off on what seem to be an overreaction to somewhat innocuous comments from Bernanke. No clear PPT signals, and if there are any they prob suggest long (i think). And we aren’t too far above decent support at 1050. And suddenly earnings news is a lot better than it had been up to this point.
What gives?
I just sold off most of my short exposure and am inching into long call positions.
Holy shit i dreamed this….i did. Maybe a year ago. For fucks sake I can’t remember what happened. Something big is about to go down. GRRRRRR
Something big is about to go down. Damn i can’t remember which direction.
You are premature and you believe in the real PPT.
It wouldn’t be good for national credibility to have the Fed chairman talking and have the market tank. They will activate. I believe we’ll come up, not sure about green but we should recover in my opinion.
If we do not, it will be the equivalent of another flash crash and all faith will be lost in the invisible hand supporting the market.
This market is going to crash hard. Its only a matter of time. Those of you still willing to hold significant long positions are playing with fire. This feels like late-2007 all over again–the market is ignoring the flashing warning signs on the economy, for now. But when it decides not to anymore, look out below.
Market is realizing that Bernanke is out of bullets. Nothing left in his bag-o-tricks. It is time for America to face the painful reality of a “new normal” which includes a sluggish economy, chronically high unemployment, weak housing market (it will take years to work off the excess), and frugal consumers.