docjock

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    • Sun Mar 23rd 10:20 AM | Rating: 0 0
      Commented on:
      Market Sentiment: Eye-Poppingly Bearish
      Too much complacency? What are you smoking! A dozen independent sentiment indicators are at extreme bearish levels. Newspapers are only about doom and gloom. As for 'entering a recession', we are already there. Yes, emerging markets have to fall, and they will... But markets predate recoveries by six months-- I'm selling my puts and climbing aboard, next stop 1600.
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    • Sat Mar 22nd 16:05 PM | Rating: 0 0
      Commented on:
      Fast Money Recap, 3/20/08: Cold Commodities
      You don’t need to be savvy—you need to have guts. This is a perfect market for options—pick any volatile commodity stock (POT, MOS, MON, PBR, e.g.) and buy straddles, and you’re set. Or better, buy a call and a put separately, at the same price. Options require guts: buy the call and put, and wait for one side to be up 50% (that takes about an hour in today’s market). Sell it, and wait another 4 hours for the other side to be up 50%. The problem for some is that with the same positions in the same market they watch the side that drops 50% over the first hour, and then they panic and sell it. Then they wait 4 hours until the other side is down 50%, and then they sell that. Same picks, same market—one guy doubles his money in two days, and the other loses everything. No inside secrets required—just the right combination of patience and guts, without an overdose of greed.
      And if you really think someone is ‘controlling the markets’, you should stick with your day job.
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    • Sun Mar 9th 16:24 PM | Rating: 0 0
      Commented on:
      The John McCain Market Selloff
      As a businessman, I am a partisan-- anyone who appreciates the value of being able to work hard, work smart, and be rewarded for one's efforts should be a partisan. Those of us on the Right believe in ourselves and in our own abilities. The Left, on the other hand, fears open competition, and wants the US to look more 'French'-- they don't want to work hard and excel, so they don't want to see anyone else do it either... unless, of course, some of the money earned by those at the top gets siphoned off to them.

      The market has been in a funk over the scary thought of Democrats controlling the United States. For an investor, a capitalist, a businessman, a hard-working individual-- what is there to look forward to that will come from the Left? And what is there to be afraid of from the Left? Looking at it like that, I see little hope for stocks for the next 4 years...
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