Sean M

Is It Time to Buy? What History Shows

Two generations of "buy and hold" bulls, does not mean we can't have a 20 year bear market. And if you forgot, stock price is based on earnings. And earnings are dropping. Dump your advisors and mutual fund managers. They want you to believe it's 1987, or they will all be out of jobs if it's 1929. It's in their interest to pull the wool over your eyes! Hope is a dangerous thing here. Go short or stay in cash. Cash has a better return than anything out there this past year.

Is It Time to Buy? What History Shows

How many times have I seen this claptrap written! A bear market lasts decades, no 1.5 years! PEs of 6 and dividends of 6% is what is needed. When we get to the bottom, the bulls will be long gone and not many will have the interest or the money to buy. Stock ownership will be at a historic low. Wake up. This is no "normal" pullback and it's not 1987. It's 1929 and just like then, the bulls were desperate for the good times to come back and would convince themselves any way they could that despite the bad news, it would be better in a few months.

ProShares UltraShort China ETF: Caveat Emptor!

I have held for quite awhile too and very very dissapointed. If SDS and QID can do it, I don't see why they can't do this either. It's just fuzzy math, and highly deceptive. Explain to me why today FXP is down 5% when last night the China index went down 5%. Shouldn't FXP be up at least 3 or 4%? And why all the intraday moves as well? Shouldn't it stay fairly stable during the US market since the Asian markets are closed??