DaveW

151 Comments

    • ON: Mon Oct 13th 10:52 AM
      Commented on:
      Economic Outlook: Is It Safe?
      Very much appreciate your sobering, and necessary, reality take Mr. Quinn. Eyes-wide-open is the only way to see opportunity under these market conditions (currently, selling on strength and buying SDS, QID, etc. on the dips).
      Thank you again. -David
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    • ON: Thu Oct 9th 19:28 PM
      Commented on:
      Psyching Up To Buy At Maximum Pessimism Levels
      Trying to choose the point of maximum pessimism is like trying to pick the bottom. Just because the VIX is above 60 doesn't mean it won't go to 70 or 80. Choose carefully.
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    • ON: Thu Oct 9th 14:03 PM
      Commented on:
      Ban on Short Sale Ends - Hold Your Breath
      One of the most fundamental consequences of the shorting ban was to further undermine the public's confidence in the market. This is a crisis of confidence and trust. The end of the ban will be another brick in the wall to build a short term rally (maybe lasting a whole four trading sessions), before we descend toward deeper lows.
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    • ON: Thu Oct 9th 13:38 PM
      Commented on:
      Nouriel Roubini Predicts (Surprise!) a Long Recession
      JLM,
      As an American, I absolutely, positively concur with you. Put realists like Roubini in charge of the Fed, he won't want to, but that is precisely the reason he must.
      View article »
    • ON: Sun Oct 5th 10:40 AM
      Commented on:
      After Coming Rate Cuts, Some Appealing Short ETFs
      adan,
      since that fateful day (9/19) SKF has indeed seen a 75% decrease in volume. Take a look at the 1 month chart with volume overlay and you'll see the dramatic difference. If SKF were 'yin', then UYG would be its 'yang'. Comparing the two on the following trading day (9/22) saw UYG down about 10% while SKF was up only about 3%, so the two had indeed lost their inverse correlation. I was able to get into SKF on the 19th at $90 and 9/22 made me worry I'd made a mistake. However, since 9/22 SKF and UYG have slowly resumed their inverse correlation. Presumably ProShares accomplished this as they do not directly short Financial stock, but rather look for buyers of futures contracts, etc. (search SA with 'SKF' and you'll pull up articles that explain it better than I can.
      View article »
    • ON: Fri Oct 3rd 16:04 PM
      Commented on:
      Bank Default Risk Decreases from Apocalyptic to Merely Catastrophic
      wow, SA is letting anything get published today.
      View article »
    • ON: Mon Sep 29th 13:29 PM
      Commented on:
      5 Ways to Find More Money to Invest
      Well done Tyler. You are at the front of what will become a cyclical cultural change driven, if not by wisdom and discipline, by shear necessity. This could lead to the genesis of the next 'greatest generation': those toughened by surviving desperate times and who appreciate the basic joys of life.

      I still use dial-up internet and save more than $70/month. As such I've been able to run a successful ebay business, online trading, etc. We fool ourselves into thinking we have to have faster, bigger, better.....
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    • ON: Sat Sep 27th 11:41 AM
      Commented on:
      O Bailout Package, Where Art Thou?
      wpdragon, nice post. It's important to understand the undesirable effects going w/o this bailout would trigger. No one is mentioning the fact the most businesses depend on revolving 90 day loans to make payroll. Folks, any idea just how many of us would not receive a paycheck for the forseeable future if all credit were dried up?

      fed up, re: pointing fingers. Believe it or not this is a collective screw up. Very rarely do I hear anyone accept responsibility as an 'over-consumer'. There is way too much materalism in America. For years most of the herd has been in an escalating 'stuff' race with each other, trying to get ahead and look better than the neighbors. The herd has as much blame as the greed-brokers and blind politicos.

      Now, we all are going to be forced to learn how to live within our means, learn to say no to many purchases, learn to keep our cars to 150,000 miles, wear shoes out, find cheap vacations, etc. THAT, will be a good thing for us all.
      View article »
    • ON: Fri Sep 26th 17:26 PM
      Commented on:
      Bear Market? Numbers Don't Add Up
      User 257896, this puppy will unfortunately/fortunat... (insert preferrable word) be passed. Some of our senators and congressmen are indeed putting up a 'good fight', so they won't be blamed by their constituents and just might be able to keep their jobs come next election. This fight is only bluster and smoke. The bailout will indeed be passed and the markets will cheer with impressive strength, we saw a hint of it in the last hour of today's trading, the stored tension in the markets is dying to go from oversold to overbought, and quickly. I'll be ready to sell my ultras and pick up more ultra-shorts in coming days...

      ringoes_man, with a devalued dollar I would suggest commodities such as agriculture (people have to eat), so DBA is a good play. Also, natural gas, UNG is at resistance currently with a seasonal upswing imminent.
      View article »
    • ON: Thu Sep 25th 14:42 PM
      Commented on:
      Why It's Time for Muni Bonds
      Good tip, thanks. What is the best way to access these instruments? Direct purchase, ETF, mutual fund? I have to admit I've never purchased directly and wouldn't know how to go about it. Thanks.
      View article »
    • ON: Thu Sep 25th 12:30 PM
      Commented on:
      Bear Market? Numbers Don't Add Up
      Simply stated LEH yet fundamentally true. I'd add to this that we now have a market with a perceived safety net. For the past several months, when panic hits the 'street', our govt. is there to shore up and infuse a false calm and a false market floor. I believe they in fact have put a safety net under the financial sector. However, other sectors are unprotected against low/no lending, global slowdown in demand for goods and services. The erosion of these sectors will cause the next leg down as the basic fundamentals of recession begin to be acknowledged, by leaders and by markets, into 2009. IMHO
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    • ON: Tue Sep 23rd 16:33 PM
      Commented on:
      Commercial Real Estate Loans May Be Next Shoe to Drop
      It does Cesar, thank you. I do understand the basic mechanisms as you outlined above but am eager to learn and understand all the tools available to the trader/investor. I agree, before I would use them I would have to understand all of the underlying intricacies and nuances. Thanks again.
      View article »
    • ON: Tue Sep 23rd 16:07 PM
      Commented on:
      Commercial Real Estate Loans May Be Next Shoe to Drop
      Okay, revealing my rookie status here.... Any recommendations on the best way to learn how to use puts/calls and option trading? Options for Dummies, or the like?
      View article »
    • ON: Tue Sep 23rd 12:46 PM
      Commented on:
      Commercial Real Estate Loans May Be Next Shoe to Drop
      Proshares Ultrashort Real-Estate ETF (SRS) in the mid $70's is a nice entry point right now, price target $110 or better. Other thoughts, bloggers?
      View article »
    • ON: Mon Sep 22nd 17:31 PM
      Commented on:
      Did the SEC Shaft Mortgage REITs?
      The market felt the same way, URE down -14.0%, SRS up 15.7% (long as of friday).
      View article »
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