sharksm

Sell and Short Recommendations for a Bearish Market

Having Invested for 40 years, made more money than I could ever spend and never having shorted a stock, nor bought sold options, I am amused that a short seller can crow about success during a Bear market. We have been in a downtrend for months brought on by the sub prime mess, lack of liquidity among the financials and the high price of oil, (by the way shorting Oil producers like XOM during $140.00 oil is a death wish. ) If Oil was $100 a barrel, XOM would be coining money and even it's refining division would become more profitable, as the crack spread widened. Recommending shorting Airlines & Autos (Ford, GM, etc) could have been done two years ago. I cannot remember the last time Airlines or American Car Companies ,made money with onerous Union contracts and rising gasoline prices.In fact, since Wilbur Wright flew the first plane, the business has lost money and I don't expect to see General Motors, Ford nor Chrysler in their existing form in five years. What's left of them will be sold off to Toyota, Honda and Tata.